Intellectual property

Produced by in association with David Fyfield at Charles Russell Speechlys LLP

Employment Tax

Guidance

Intellectual property (IP) is a broad term which covers a wide variety of inventions, designs, creations and discoveries. It can include anything from a piece of software to the design of a product to a logo.

Some types of IP can be legally protected to prevent others from being able to use them. The main types of IP are:

Patents

These give you the right to stop others making, using or selling an invention without your permission, giving you a monopoly for the duration of the patent. They are available for any invention which:
– is new
– involves an ‘inventive step’ (ie it must be something genuinely invented rather than something obvious to a person skilled in the field of technology concerned)
– is capable of industrial application, and
– does not consist solely of certain excluded matter (like a scientific theory or method for doing business
See the GOV.UK website for more information on patent registration

Design rights

These protect the appearance of the whole or part of a design. You can register a design

Continue reading

To read the full Guidance note, register for a free trial of Tolley+™

TAKE A FREE TRIAL

Popular Articles

Owner-Managed Businesses

Allowable expenses for property businesses

Allowable expenses for property businessesGeneral itemsMany of the principles applying to allowable expenses for property businesses are similar to those that apply for trading and the rules for individuals in a property business are generally the same as for companies with some exceptions which are

14 Jul 2020 13:26 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more

Tax Returns

Employment Tax

Payroll record keeping

Payroll record keepingUnder SI 2003/2682, reg 97, “...an employer must keep, for not less than 3 years after the end of the tax year to which they relate, all PAYE records which are not required to be sent to [HMRC]...”. Reasons for keeping the records include:•being able to calculate tax and

14 Jul 2020 12:52 | Produced by Tolley in association with Ian Holloway Read more

Owner-Managed Businesses

Furnished holiday lets

Furnished holiday letsThis guidance note sets out the qualifying conditions for a property let to be treated as a furnished holiday let (FHL) for tax purposes and the subsequent tax implications.Whether or not a property qualifies as an FHL can make an important difference to the taxation

14 Jul 2020 11:46 | Produced by Tolley Read more

��Ƶ