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UK Patent Box claims rise to £942.5 million

Patrick Wingrove, London

Newly-released statistics from the UK’s HMRC indicate a 25% year-on-year increase in Patent Box claims. Large companies are getting better at using the system, but overheads may still be keeping smaller firms from using it

UK businesses claimed £942.5 million ($1.23 billion) in tax relief under the country’s Patent Box in 2016/17 according to recent data.

The statistics, which showed a year-on-year increase of 25% in claims, were released yesterday by...

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