UK Government Rules Out Proposed Exit Tax on University Spin-Out Entrepreneurs

Business Secretary Jonathan Reynolds has confirmed that a planned levy on companies relocating abroad will not proceed, aiming to reassure innovators and protect academic commercialization.

3 Sept, 04:00 — 3 Sept, 04:00

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FTVery High13h ago

‘Exit tax’ on UK entrepreneurs ruled out by business department

Jonathan Reynolds seeks to quell fears of levy on companies spun out from UK universities that move abroad

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UK Government Rules Out Proposed Exit Tax on University Spin-Out Entrepreneurs

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‘Exit tax’ on UK entrepreneurs ruled out by business department

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