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Tax & Incentives

With an easy to navigate and clear tax system, the United Kingdom makes a great incubator for Innovators and Startups seeking to launch excellent ideas and breakthrough industries. Among the G20 nations, the United Kingdom offers one of the lowest Corporate Income Tax rates for companies and businesses at 19%. This is efficiently distributed in providing infrastructure that creates an enabling business environment. Through venture capital schemes that offer tax reliefs to individual shareholders, small and medium-sized companies including startups are able to raise investment for their businesses and social enterprises.

Although there are funding limits, businesses that are permanently established in the United Kingdom and engaged in any of the certified trades are qualified to apply for any of the four (4) venture capital schemes. These schemes include the Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Social Investment Tax Relief (SITR), and Venture Capital Trust (VCT).

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