Outlook for UK tech sector ahead of Autumn Budget

International Corporate Tax specialist Mark Tan has underscored the importance of clarity and stability in the UK’s tax regime to foster confidence and attract long-term investment in the United Kingdom technology sector in the lead up to the Autumn Budget.

As the Autumn Budget approaches, the UK tech industry has called for the prioritisation of predictability and the reduction of administrative complexity that hinders innovation.

Speaking with Global Relay Intelligence & Practice publication Grip., Mark Tan, International Corporate Tax Partner at Spencer West, that countries like the US, Singapore, the Netherlands, and Cyprus are moving fast to attract technology investment.

“The US is using targeted incentives to anchor AI and clean-tech investment, while Ireland continues to raise its R&D credit and Singapore actively courts AI projects,” Mark said.

“The Netherlands and Cyprus, meanwhile, are strengthening their IP Box regimes, effectively taxing innovation income at single-digit rates.”

Read Mark’s full comments in Grip: UK tech sector demands predictability and simpler tax rules ahead of Autumn Budget