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Today speakers at the London Patents Summit have warned about the dangers of The Patent Box, a new tax cuts for patents scheme starting in the UK in 2013.

The Patent Box tax scheme enables companies to apply for a lower rate (10%) of Corporation Tax to profits earned after April 2013 from patented inventions.

While many businesses and consultants have welcomed the news some patents professionals argue there is a downside to the tax scheme.

They argue that, as a result of the tax break, there could be a sudden increase in trivial or meaningless patents.

Considering a career as a patent attorney? Check out the Graduate Patent Attorney Careers homepage.

Find out more about the London Patents Summit.

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