Under the UK Government’s Patent Box initiative, you may be able to reduce the rate of Corporation Tax that you pay on profits derived from products and services which are covered in whole or part by a UK patent.
The potential benefits are significant: a Corporation Tax rate of only 10% on qualifying profits from April 2017, with a phased introduction before then.
In a prior post, I provided data on patent application pendency — looking at applications from their filing date to the issue date.
The chart below shows some heavyweight brands like Crestor, losing their patent protection this year: Of course, the importance of the patent expirations lies in the fact that for the first time these big-selling drugs can face less-expensive competition.
If this is not the case, the rejection is improper. 120 and 365(c), respectively, have been satisfied, the effective filing date is the same as the earliest filing date in the line of continuation or divisional applications. (C) If the application claims foreign priority under 35 U. The filing date of the foreign priority document is not the effective filing date, although the filing date of the foreign priority document may be used to overcome certain references. (D) If the application properly claims benefit under 35 U.
112 by the earlier parent application have the effective filing date of that earlier parent application. 119(a)-(d) or 365(a) or (b), the effective filing date is the filing date of the U. application, unless situation (A) or (B) as set forth above applies. 119(e) to a provisional application, the effective filing date is the filing date of the provisional application for any claims which are fully supported under the first paragraph of 35 U. Also, for determining whether art qualifies under 35 U.
A patent is a legal right granted by the UK Intellectual Property Office for a new invention.
It allows the owner of the patent (the patentee) to take legal action against others who use his invention without his permission.