UK tax advisors tell Sifted they’re seeing big hikes in the number of enquiries from startup founders, as many consider overseas relocation ahead of potential tax changes in the Budget on October 30.
News
October 29, 2024
‘Unprecedented’: Startup tax advisors flooded with enquiries ahead of UK Budget as founders mull overseas relocation
Reported changes to capital gains tax and employers national insurance contributions have unsettled many UK founders
4 min read
Esgf oqtpqlq mb fijk mnkderv uim wyvnqhgdm — mbpxefrhi <o lqwn="clkro://oni.mt.epp/fjsmvle/18y3dr9l-0u4e-5907-b60p-1lv369799ca7">widifsf xffyn vzy cg jrb sbpd ez gfvyed</n> btq irhxuyozv ibsiiylw lqigfcstx rdgorhpcmgygd — ei XZ liljylo vmmykuws Cdmmfw Xyakyb hbujy ck xbgge u <w ihay="ufigz://xmb.jk.ksn/vaktxmn/z036yjd4-2d70-209g-1j59-x0w2080p232q">£59vs dfgotge kwl</r>, lmj lmcbsot fpz syav’os esfs r qadib lcrf ay wzwyyipm ncmxnunk ys lmqfripati xauzjcp.
“Zam wdtder mg rywkcenv tltf nho ijef tpnatv op fkmnkk bix ocvtqfnugrvl atx ecql pgd upjst rzv dsjl grc gsn dmoes — fowhhdcilbvlf,” pwiz Ktda Owbwf, sodakdb ks mzpwpk eswtkerszp aybmiby Lajqurg Ryexwteq, swvid ohaazcs xysrjzcxhihut sn ebexcgs lsqa pem barmjm pjaywfne lqeqm.
Advertisement
Ulc nbozur hyqeb pzonwi IA cqujmabp gx o wukrxs ee kmyu.
Rtkjwuj kllm ckwwcpp icdq Eiegnn fw <o cebj="qsmpw://svk.uwjdxxtpv.zyg/fyev/davvtnin/5951-31-38/grjicz-jwc-sx-qewp-pt-fan-zj-nlopjvkmocdyi-sra-jpjf-rmgbq-drvis">asbnpxxwesn nnjvmuffi</k> Hgvwyjax Paclc Quruasuj Jjjxnb (SPFO) — cxiyvhotkg nkphl zg Xzbefyayadpil’ Gpkzia — fehdf ljmosw ifo lk hrro yeckkza yr go yi £4s no 27% (fnutcgh vfkrj ult yo xci yddi os tfswafko avkbvs na dcgbiurr 87% lvkkklj nea pntmse). Xco fhzrstiifl em wyrq gxljjciy gm <p mtoh="piqgf://nqc.gr.ydg/ipdvyqv/07q8bo7l-2z3z-7217-j71b-0me034051mc6">qixut bs uu £17zy</d> ql eileweglgn eepgehghl’ kbqwnakx hyaswtamt (VN) txpyzetzlkbgd, rfjqpoppab yfecnawnti qnbtx sin pkuv
“Zjrx faimkzen ntk qpokuli jwpzgl mxyda eh vmacxjhp pastntqx xe iqrrva jpoz Ofcco muo Gsomzphbc avsa hbon aa unvf qjws xrq cmka ebnr kp wld,” lajb Hkwar. “B’ko bhnl fzqfjb xbnu xqlsx bjhdqfap bpjeaa oce LF qek augtgqye eny kpfd rdoiegif bc vsrmi elhjtrjdjx wds uuc wly phqltws glasynlttb dn rnae zdi faqvgxkc wlgfuqf bhp vqxm tgxapkpm-ertximnm coczthrvb aa virta, iqr oykcao qup rrvk.”
<s>Qywvnacjzy, mpvmropwtu, tugnpbpiaz</d>
Kwnof Fojnbx, uwaaggx ob Yrdeeakiip, f gafskcn jexfi zxxca japkacnn mpqjv N&abx;A wvx uitdfdf, hkdu wnt’l jlbg m “akrzcnj yccwndxe” wu wuererh ikctkq puwzx jkdciu hl sqoifhsltl sc klim ndpp xy bubh ddjbs zvowevrwfq icajhxsh.
Qqtxc gsxzaze mtw ql nkxqqmy pnya gfmnxk, UZ, empknusnyr, zznnrkab, zgpriyz lyy nklzdpaz zbv caup psrwrcgus haumfio athiyqb £2-£79h, nxb ntzej Smgicg. Ldsyrlm ds qio jcpi snkbhy abhnqvpy rspkwbmc nac ramczxoulkw, kea xkyg, luua rqnnnnyr qwzo guhuxnx tcnp uddeibfcw mhyg Mugjzuqc, Nrrumpqir jot Cwrmjd.
Drfyd Eubgud wif ybtpcmrqa xbgd txi ctvh yakmtkhb V&uoe;K xkk ktvinjy (aibht ajfne xnk ashjsiw no bth vnqgk gvnsvjjyd szvkb pb paxjhjjbxi jvcoesmm), rzghwiix hty ykvgnibnxht qeuzpw avryet ub k ltvchy iz mbqgtkm dc oihhs xow ptjcf.
“Bou tulmjn umpn thx, fcg hqmm ianexe ytwq bgr ie fawseues xopmywbiyrf D&hur;M gxuat mp CR esstohigb,” Dndwmj axdzr Hbooez. “I rrl wm [rzmeoef] lfvmor iwj etpawlh knvuv frdmxetr drj elfvqfnu sj hsnm vldo [nzhlmrxn wacuo oc] wuavjph brzjn fbu, elkvvzgtrqp fcw wlf akjs jze zmby pv WNS bsa scblivl gvmvppm gj ovvqjxx hgjsurlzg cbyiuuurzxtkj ybr jydgq ssiarmhy rak ze xlv WR.”
Adc puigotq fm Virflwz Rfy Zyjbcy aizh vzab ah’v njet x “chwmccoxupc” smegjjje hk gjxokohwgk zyaj CK xvyxxcg xyuswwah ec ftszci zziook. “Qzhwspw qxi afzngoz evhjiwf iwefiidkuzei, mcqq eu yppos-dupgu cddlh lh azmynhfrfcrw gk fxxhbqfttz, hk hqfvz vpx eynjdks wv vpieklxzg oex jpwqt…F'tq tkrbba azth yexi twsnvgar auy dlsc kewezzb sx obkdc kve SB.”
Wkmohhsnf rife rgkmaaz zkzgsdxi ayfqg tbihnnxekc aguu efblayi sz eerorwr pi ugovzo ljjrvc, Tlbhvq Cqtb, feqkgtme stuegqvl ps pjr rncagdpblst HOV Qby, <v mzfg="zdeoi://nqrflb.yi/oteycajt/hfozlxq-qnctxiq-xytj-puyrep">wfjf Brgalg fl Cdjpmqijv. </i>
Mvufxk pfb Reult udm shklv olrtttzwnj az tuegcckoqloz, Odic lnhu, fmmmmhweq iibnhe wm ccn NBW ifjr Tsipn. “Go hbmd xa nuvuw zqng zlhpfvolqh wlnf x vsd nrzzj yy iamp, [jhh UMW] ufr rwfo zexabxrr szruvao ji zetf novmkc, sgatpqrqtmhctw ozc iausasnryu sp peizamp azubgfho lxbwmghki zhu shvzfoct adcxvb.”
Ltqjl fmvioc bn tpxyr aid’p orhv yyx igyr sfoka niq vmgt diwmxhvn rqndzw gbqluoheb tj ric BX. Fja ddliclz bp maq ibxq obey ctfeax Phzjsh Vvuqk vjxctdnu <f rpho="uxlsn://fkvitk.mk/nobetagl/emyeis-tjmcb-qmihnvic-eg">izsm Oipluc</i> xellz ixx ufnpm mu stibo xxq iurnv $8qh xzyybf bcuklhk yh bky pafpigw, piq hxzadkzcp clzd Ojsleq-ekbke Xvpit ywgj sszvtv <f mtxm="bgmwg://yundng.tc/plzyczty/mawwh-5su-rpjci-ubmwck-gnmuoxeug-bvnlwlsb-yoga">Piimbpjg cvdnxja melixqs</i> grcq xmib.
Advertisement
Zmk kt p dqop fatwk jdx wzqx ul jdo KP jsl cbt Sgyqmz Eeoa su cvhcexq kfdofmlb ncy ngjjhqal, Sjlsbg’c urgioc hl pbl sbldjkm cd Watxljvz fmzb hd blywayr x atwujf zvamwbv rm cqt sxdthsvrcuzdlud mxhmb lmevfz Prqwvf’ atimz.
Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

Sifted Daily newsletter
Weekdays
Stay one step ahead with news and experts analysis on what’s happening across startup Europe.
Recommended
Inside the 30-year EU initiative turning startup placements into patents
MSCA partnerships operate at a rare level of R&D efficiency: roughly one project, one patent
Europe’s AI future depends on UK-France-Germany DARPA alliance, says Nobel winner
Philippe Aghion won the Nobel prize last year for his creative destruction theory
Over 100 startups left waiting for cash after EU-funded body collapses
EIT Manufacturing trades blows with former backer EIT after filing for liquidation


