{"id":3431,"date":"2026-08-29T16:37:42","date_gmt":"2026-08-29T16:37:42","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=3431"},"modified":"2026-08-29T16:37:42","modified_gmt":"2026-08-29T16:37:42","slug":"spin-outs-may-face-exit-tax-if-control-moves-abroad-daily-business","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=3431","title":{"rendered":"Spin-outs may face ‘exit tax’ if control moves abroad \u2013 Daily Business"},"content":{"rendered":"

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\"Bioliberty\"Bioliberty
Ministers want to encourage innovative companies to grow in the UK<\/em><\/figcaption><\/figure>\n

Businesses that move abroad after spinning out of UK universities may be forced to pay an \u201cexit tax\u201d under plans being considered by the government.\u00a0<\/p>\n

Ministers want to discourage companies benefiting from taxpayer support then taking valuable intellectual property (IP) and jobs overseas.<\/p>\n

Lord Vallance,\u00a0the former science minister\u00a0and current chairman of Andy Burnham\u2019s AI taskforce, is said to be spearheading the proposal.\u00a0<\/p>\n

The levy would be based on the percentage of a company\u2019s valuation if it sells or floats overseas, according to The Sunday Times<\/em>.<\/p>\n

It is understood the plan is part of goverment attempts to halt an exodus of high-growth companies and ensure the UK taxpayer is getting value for money, though it is unclear how the exit tax would be enforced, other than to build in a levy when state support is agreed.<\/p>\n

About 4% of spinouts from UK universities have moved abroad in recent years, according to a Centre for Cities report published last year.\u00a0<\/p>\n

There are concerns that a tax of this kind would create a barrier to some firms receiving support.<\/p>\n

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