
Should the UK offer tax breaks to attract companies to move their headquarters here?
The UK has no general tax break for companies moving their headquarters here. The main corporation tax rate is 25% on profits over £250,000, and 19% applies on profits up to £50,000. Targeted reliefs exist, such as the 10% Patent Box rate, R&D credits and freeport tax advantages. The Chancellor has pledged to keep the 25% main rate for this Parliament, and the Autumn Budget is due on 28 October 2026.
5 Opinions
Maybe not a good idea. I'm in two minds as I can see both sides.
We are in competition internationally for these HQ locations and need to remain competitive, in particular with near neighbours such as the Irish Republic.
No, but lower the main corporation tax rate to incentivise business attraction and maintain fairness.
International corporations will just pick Ireland or Dubai unless we give them a clear financial reason to choose the UK... About time we start actually making an effort to compete for global capital Edited
Currently looking at moving my business overseas. It's not worth staying in the UK.