我们提交的2025年秋季预算

Ourletter to the Chancellor Dear Chancellor, In2025,the government has taken a number of positive steps to support the UK’s startupecosystem: committing billions in new R&D investment, strengthening the British Business Bank,publishing a pro-technology Industrial Strategy, and appointing Alex Depledge as the UK’s firstEntrepreneurship Adviser. These measures have begun to rebuild a relationship with founders thatwas badly damaged by last year’s Autumn Budget. The repercussions of the 2024 Budget is still being deeply felt by our community. Revenue wasraised by reducing the generosity of the policy that matters most to founders and startups: CapitalGains Tax, Business Asset Disposal Relief, and carried interest. Many founders now feel uncertainabout their role in the Government’s growth agenda and we have seen a growing number questionwhether they should remain in the UK. Another round of tax rises, particularly to Capital Gains Tax,would be a further blow to UK competitiveness and send a damaging signal that Britain is closed tothose building the technology companies of the future. At a minimum, it is vital that HM Treasury does not seek to plug the fiscal gap at the AutumnBudget at the expense of the UK’s high-growth entrepreneurs and startup community, which isessential to our future prosperity, productivity, and growth. If the government is serious about restoring trust and unleashing the potential of the startupeconomy to harness the productive power of emerging technologies, it must pursue a package ofmeasures directly targeted at these companies and their founders, designed to: ●Support tech companies to scale and stay in the UK●Improve capital incentives and boost financial markets●Make the UK the world-leading startup talent hub Such a package would send a clear message that Britain intends to be the best place in the worldfor founders to start, scale, and grow. It would also give you and your ministerial colleagues thearguments needed to demonstrate, both domestically and internationally, that this government isserious about supporting the UK’s startup community. I would be very happy to meet with you to discuss these proposals further. Yours sincerely, Dom HallasExecutive Director, Startup Coalition Apackage to reignite startup-led growth… Summaryof recommendations Supporting UK tech companies to scale and stay in the UK 1.Introduce a Distribution-Based Corporation Tax (DBCT)model taxing profits onlywhen distributed.2.Extend full expensingto intellectual property and other intangible assets.3.Broaden VCT eligibilityto include later-stage scale-ups.4.Raise VCT investment limits to £20–30m per company.5.Ensure government direct investment is fit-for-purpose.6.Commission an independent review into corporate venture capital.7.Launch a review on how to encourage entrepreneurship through the tax system. Improving capital incentives and financial markets 8.Increase SEIS raise capbeyond £250k to boost deep tech investment.9.Launch a review of SEIS/EIS fund feesto cap excessive charges.10.Introduce pre-approved SEIS documentationfor faster applications.11.Extend ASA longstopto 24 months for SEIS/EIS investments.12.Reinstate pre-2018 SEIS “advance assurance”without requiring an investor first.13.Make regulated fintechs eligiblefor SEIS and EIS reliefs.14.Abolish stamp duty on share transactionsto boost liquidity and secondary markets.15.Clean up R&D tax creditsby introducing a de minimis expenditure threshold.16.Lower the R&D-intensive SME thresholdto 20% qualifying spend.17.Create an HMRC “Domino’s-style” trackerto monitor R&D claims.18.Protect UK venture capitalby keeping carried interest under CGT, not income tax.19.Stocks & Shares ISA threshold reformto maximise the attractiveness of investing. Make the UK the world-leading startup talent hub 20.Expand EMI limitsfrom £30m to £150m and 250 to 500 employees.21.Extend EMI lifecyclefrom 10 to 15 years.22.Reinstate board discretionfor secondary share sales within EMI.23.Create an EMI+ schemefor later-stage companies (up to 1,000 employees / £1bnassets).24.Introduce a "Right to quit" frameworkto align with startup hiring cycles.25.Restrict non-compete clausesto a statutory 3-month limit.26.Back Tech Nationto attract non-research talent via the Global Talent Fund. SUPPORTINGUK TECH COMPANIES TO SCALE AND STAYIN THE UK MODERNISECORPORATION TAX TO INCENTIVE TECH COMPANIES TO INVEST ANDGROWIN THE UK The UK’s corporation tax system remains anchored in an older industrial model – one that taxesprofits as soon as they appear, regardless of whether those earnings are reinvested into growth.For modern, venture-backed companies, this creates a structural disadvantage. Startups spendyearsloss-making while developing products and building teams.When they finally reachprofitability, they are immediately taxed at a point when cash flow is still tight and every pound ofretained earnings is needed to scale. The tax system should recognise and reward sc