Figures recently released by the UK Government show encouraging take up of government Patent Box tax saving scheme in 2013/2014. The scheme’s goal, following introduction in 2013, was to incentivise innovation by offering a lower rate of corporation tax on profits from commercialisation of patented technology.  The data shows that 700 companies claimed tax relief under Patent Box in 2013/2014 with £342m of tax relief awarded.  Larger companies seemed to fare best with manufacturing, wholesale, retail and transport sectors accounting for 80% of the claims.