Monthly Archives: November 2012

UK: Cakes and eating them

The recent case of Iliffe News and Media Ltd & others v HMRC [2012] UKFTT 696 (TC) illustrates firstly the risks of IP tax structures – get the IP law right!

The case was actually lost because the companies involved tried to transfer unregistered trademarks without also transferring the business to which they related – and you can’t do that under English law.

The Tribunal didn’t leave the judgement there; instead, they went on to look at the consequences if the taxpayer hadn’t actually got the law wrong.

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