Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to review tax and residency rules, following reports of UK technology founders relocating overseas.

The UK uses the Statutory Residence Test (SRT) to determine UK residency for tax purposes. UK tax residents normally pay tax on their worldwide income and gains, while non-UK residents only pay UK tax on their UK income and gains.

The Government’s priority is improving the UK’s competitiveness internationally and securing economic growth.

The Government is backing entrepreneurs and fostering a pro-business environment by ensuring the tax system is designed to support innovation and economic growth. That is why we have announced a package of measures to back entrepreneurship at Autumn Budget 2025.

The Government keeps tax and residency rules under review to ensure they remain competitive and responsive to the needs of innovative sectors, including technology.