Breaking news from the BBC Paper tax returns to be replaced by digital by 2020

Read more...

Chancellor George Osborne delivers his last budget before the General Election

Read more...

Tax planning for 5 April 2015

Read more...

Fuel duty tax recovered by economic boost.

Read more...

Most wanted tax fraudster wants to be arrested.

Read more...

Treasury targets 500m Bank tax schemes

Read more...

Contact Us

News Items

Tax Tips

Brilliant with numbers
Great with people
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals


Helping Your Business is Our Business


Call us now on 023 8083 6900 ABDS Home

News - 30 September 2014

New reforms to Intellectual Property laws

New measures that will modernise the intellectual property framework came into force on 1 October 2014.

It is estimated that the package of reforms to copyright exceptions will contribute £500 million to the UK economy over the next 10 years.

Lavinia Newman, founder of ABDS comments:
“The changes will allow people greater freedom to enjoy content they have bought and from 1 October 2014 allow them to make personal copies strictly for their own private use. Prior to this change, it was illegal to copy music from a CD to an MP3 player. A new exception to copyright for parody caricature, pastiche and improvements to rules on how you can use quotations are also being implemented. This will allow the limited use of copyright material without the permission of the copyright holder, but only to the extent that the use is fair and proportionate.”

The aim of these reforms is to support the reasonable use of creative content, without undermining copyright’s important role in supporting the creative industries.

Other key intellectual property reforms include:

  • the Intellectual Property Act 2014. The act will help simplify and strengthen protection for the UK designs industry, worth more than £15 billion to the UK economy, and help improve the efficiency of the IP rights system
  • the creation of a criminal offence for intentional copying of a registered design
  • providing new protections for pre-publication research to ensure the UK’s universities and the research sector remains a world-leader
  •  webmarking to display your patent rights, allowing a company to put a web address rather than more detailed information about the patent status of a product
  • the expansion of the patent opinions service, providing quick and affordable opinions on a wider range of patent disputes
  • the promotion of international ‘patent work sharing’ to cut backlogs.

For those who are looking for a more personal approach on a range of individual and business related issues, contact us at ABDS.


ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients and
mindful of their long term strategic goals

Helping Your Business is Our Business

« Back to News