polling-station-photograph-2017

The UK general election result generated a lot of heat but did not shed much light on the future. The outcome for tax issues relating to biotechnology and technology businesses is clear and simple – no change.  Whatever a minority Conservative administration does, or is forced to do, in order to continue, there are no…

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woman-virtual-reality-HMRC-robot

Confluence Tax has been invited to take part in the HMRC research project into digital improvements to its SEIS, EIS and venture capital trust schemes – a great opportunity for us to have our say on the things that bug both us and our biotech and tech clients about the tax system! This stage of the project…

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Colin-Hailey-of-Confluence-Tax-presenting-at-Patent-Box-Seminar

Our client seminar on the patent box, held on October 13, attracted participants from across the biotech and tech spectrum, prompting many questions and discussion points. If you missed it and would like to get to grips with the basics of the new patent box rules, have a look at the presentations. David Harris, HMRC’s…

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THIS note is intended to clarify and provide some comfort on the timing of the adoption of the new Patent Box rules. The UK Patent Box provides a reduced rate of corporation tax on profits derived from patents.  The rules that set out how relief is given will change with effect from July 1, 2016. This…

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THE UK Patent Box provides for a reduced corporation tax rate on profits arising from patents. The rules will change on July 1, 2016, as result of a G20/OECD project to tackle cross-border tax avoidance by multinational groups. The new rules, however, will not effectively tackle potential avoidance and they will also negatively impact wholly UK…

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