Tomorrow UK tax-payers of all types will be turning their attention to the Chancellor, George Osborne, who will be presenting his 2011 Budget. This year the emphasis is likely to be on tackling the UK's not insubstantial budget deficit, not to mention tax avoidance, while simultaneously delivering on promises of stability and simplicity.
The Government is expected to confirm the outcome of several consultations on tax reform proposals -- including the review of tax reliefs and the reform of the corporation tax system. The IP Finance Blog is particularly keen to see whether there will be any announcements in relation to R&D tax credits and whether further details of the patent box will be set out following the consultation which closed last month.
This member of the IP Finance team will be following developments on Olswang LLP's Budget Blog here for the latest developments. IP buffs will also be keeping an eye on Anne Fairpo's Intellectual Property Tax blog, here.
