Companies claimed £942.5 million ($1.23 billion) in tax relief under the UK Patent Box in the fiscal year 2016–17, an increase of 25% year on year, according to newly-released data.
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11 July 2013 The German finance minister has criticised a UK tax break aimed at increasing patent filings, claiming it results in unfair competition for foreign investors.
7 April 2014 A tax break for patentees implemented by the UK government is detracting from a similar scheme offered in Ireland, according to Irish officials.