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Insight > HMRC statistics > HMRC Patent Box statistics 2022

HMRC Patent Box statistics 2022 – our commentary

HMRC has provided information on the number of companies claiming corporation tax relief within the Patent Box scheme.

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01727 738600

Key points to show the value of Patent Box to innovative business in the UK

Source HMRC Patent Box 2022

Patent Box claims since the scheme began

nearly 10,000 claims made

Projected Patent Box claims 2020-21 – compared to previous year

1,535 companies claiming
1,155 SME claims
£1.205m relief claimed under Patent Box

Projected claims in the tax year 2020-21

Over half (52%) of the companies were in the Manufacturing sector (including Pharmaceuticals)
Companies in London claimed the largest amount of Patent Box relief (50%)

24% were classified as ‘Large’, but these companies accounted for most of the relief claimed (94%).

Over half (52%) of the companies were in the Manufacturing sector (including Pharmaceuticals).

The number of companies claiming relief varies significantly across UK regions, with the highest number in the South East (16%) and the lowest in the North East (2%). There is also significant regional variation in the value of relief claimed, companies in London claimed the largest amount of relief (50%).

*defined as micro, small and medium by HMRC

The statistics published here for 2020-21 will be updated based on a complete set of data in the next annual release (Autumn 2023). The projections have been made based on the amount of claims that have been made so far, and the previous’ years data of the amount of claims that are usually made later on.

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Comments from our CEO, Luke Hamm

SMEs are receiving a tiny percentage of the value of the Patent Box scheme. The stand out statistic is that 94% of tax relief is claimed by large companies.

R&D is a good indicator of a company’s potential for a Patent Box claim – it’s a conversation that every R&D tax relief claimant should be having.

I still feel concerned about the stark contrast in value and uptake between the R&D and Patent Box schemes.

See other years’ HMRC statistics

HMRC Patent Box
statistics 2021
HMRC Patent Box
statistics 2020