Breeders win tax break with plant variety rights drafting

The Government has brought forward draft legislation for a "patent box", under which income derived from UK and EU Patents and Plant Variety Rights (PVRs) will be subject to a reduced 10 per cent rate of corporation tax from 2013.

Plant breeder agent Plants for Europe has been lobbying the Treasury, through Wealden MP Charles Hendry, to ensure that PVRs were included in the legislation.

The original proposal excluded them, which Plants for Europe director Graham Spencer said was discriminatory because plant varieties are ineligible for patent protection.

"It seems that our lobbying efforts have been successful, although we have reservations," Spencer added.

"As it stands, while the guidance notes say PVRs are included - and one assumes that will be both UK PVRs issued by the PVR Office and Community PVRs issued by the Community Plant Varieties Office - we see no specific mention in the draft legislation," he said.

"This merely refers to the potential for the Government to add to the list of included intellectual property by order. It is not clear when the order will be introduced.

"We have written to our MP to seek clarification from the Treasury, both on the timing of the inclusion of PVRs and the scope - UK only or UK and European rights."


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

What challenges and opportunities lie in store for tomato growers?

What challenges and opportunities lie in store for tomato growers?

The British Tomato Growers Association (TGA) conference today (21 September) heard a range of perspectives on what changes lie in store for the sector and how to anticipate them.

Buoyant demand for UK apples but frost and labour remain concerns

Buoyant demand for UK apples but frost and labour remain concerns

As the British apple season begins, English Apples & Pears (EAP) is warning that growers will feel the effects of both a late frost in spring and also constrained labour supply.

Tomorrow's tractors

Tomorrow's tractors

These machines have advanced rapidly over recent years but what does the future hold? Sally Drury looks ahead.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Pest & Disease Tracker bulletin 

The latest pest and disease alerts, how to treat them, plus EAMU updates, sent direct to your inbox.

Sign up here

Professor Geoffrey Dixon

GreenGene International chair Geoff Dixon on the business of fresh produce production
 

Read Professor Geoffrey Dixon