Consultation outcome

Corporate re-domiciliation

• From: Department for Business, Energy & Industrial Strategy, HM Treasury and HM Revenue & Customs
• Published: 27 October 2021
• Last updated: 12 April 2022 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

This consultation has concluded

Detail of outcome

Given the consultation focused on the principles of a re-domiciliation regime, it was understandable that some respondents expressed the view that further detail on the design of the regime would be helpful. The consultation offered a high-level overview of the proposed regime design, but it represented only the early stages of the policy development process.

BEIS, in partnership with HM Treasury and HMRC, will continue to refine this policy, engaging publicly as appropriate.

Feedback received

Corporate re-domiciliation: summary of responses

PDF, 326 KB, 35 pages

Detail of feedback received

We received 40 responses to this consultation from:

• private limited companies (4)
• public limited companies (3)
• business representative organisations and trade industry groups (12)
• professional services (8)
• transparency organisations (1)
• individuals (2)
• government bodies (3)
• law societies (4)
• others (3)

The majority of respondents were supportive or broadly supportive of the proposals set out in the consultation.

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Original consultation

Summary

We are seeking views on the introduction of a corporate re-domiciliation regime to support companies seeking to relocate to the UK.

This consultation ran from
2pm on 27 October 2021 to 11:45pm on 7 January 2022

Consultation description

This consultation seeks views on the introduction of a UK re-domiciliation regime, which would make it possible for companies to re-domicile and therefore easier to relocate to the UK.

The UK is a competitive, global hub for business and is home to one of the world’s leading financial centres. This mechanism will allow companies to take advantage of its world-class infrastructure and skills, while promoting jobs, innovation and investment in the UK.

In this consultation, we set out our proposals and seek views on:

• the advantages of enabling companies to re-domicile
• the level of demand that exists, among which types of companies and sectors
• the appropriate checks and entry criteria
• the merits of establishing an outward re-domiciliation regime
• any tax implications associated with the introduction of a re-domiciliation regime

Documents

Corporate re-domiciliation: consultation

PDF, 287 KB, 24 pages

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Published 27 October 2021
Last updated 12 April 2022 + show all updates

1. 12 April 2022

   Summary of responses published.

2. 27 October 2021

   First published.