Written question asked by Ian Roome (Liberal Democrat) on Friday, 9 October 2026, in the House of Commons. It was due for an answer on Tuesday, 13 October 2026. It was answered by James Murray (Labour) on Monday, 19 October 2026 on behalf of the Treasury.
Patents: Corporation Tax
- Question
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To ask the Chancellor of the Exchequer, what data his Department holds on the a) annual cost of the Patent Box tax relief scheme since its introduction and b) economic impact of that scheme.
- Answer
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HMRC publishes annual statistics on the Patent Box, including the number of companies electing into the regime and the annual cost of the relief since its introduction in 2013. The latest publication includes complete figures up to 2023-24 and provisional figures for 2024-25.
HM Revenue and Customs published the latest evaluation of the UK Patent Box in 2020. The evaluation concluded that the Patent Box has had a positive impact on business investment in the UK, accounting for approximately a 10% increase in investment. The regime may provide further benefits not measured directly by the study e.g. keeping IP in the UK.
Secondary information
- Type
- Written question
- Reference
- 32628
- Session
- 2026-27
- Subjects
- Corporation tax Patents Tax allowances
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-10-20 10:52:25 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/32628
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/32628
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/32628