Tax Support for Entrepreneurs: Call for Evidence
Read the full outcome
Detail of outcome
The Government would like to thank all those who contributed to the Call for Evidence with written responses or by attending roundtables for sharing their expertise and experience. The Government received 247 written responses and undertook extensive engagement with a broad range of stakeholders across the UK, including investors, businesses, representative bodies, professional advisors, lawyers and academics. This publication summarises the evidence received and sets out the Government’s policy response.
Original call for evidence
Call for evidence description
Entrepreneurs are vital to the growth mission, and the government is focussed on making the UK the most attractive place in the world for founders to start and scale their businesses to success.
The UK has notable strengths for founding and growing companies, including a robust start-up system, and a number of effective tax incentives for high-growth UK firms. However, the UK also faces a particular short-fall in domestic scale-up capital. This is creating an ‘incubator’ economy, where some of our most innovative ideas, companies and founders feel compelled to move abroad.
This Call for Evidence seeks views on the effectiveness of existing tax incentives, and the wider tax system, for business founders and scaling firms, and how the UK can better support these companies to start, scale and stay in the UK. The government will consider responses when developing further potential reforms to tax support for entrepreneurs.
The Call for Evidence will close on 28 February.