24% were classified as ‘Large’, but these companies accounted for most of the relief claimed (94%).
Over half (61%) of the companies were in the Manufacturing sector (including Pharmaceuticals).
The number of companies electing in to Patent Box varies significantly across UK regions, with the highest number in the South East (15%) and the lowest in the North East (3%). There is also significant regional variation in the value of relief claimed, companies in London claimed the largest amount of relief (44%).
*SMEs defined as micro, small and medium by HMRC
The statistics published here for 2021-22 will be updated based on a complete set of data in the next annual release (Autumn 2024). 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.