In techUK’s Budget Briefing we highlight the key announcements in the Budget that impact on the tech sector. These range from new pots of money that will be open to bids by businesses, to measures that affect training and skills. Much of these announcement provide valuable opportunities to help tech businesses grow and invest.
Alongside our Budget Briefing techUK is publishing a separate note on the Digital Services Tax announced by the Chancellor. The new tax has caught the tech headlines post Budget and has overshadowed many of the positive announcements in the Budget. While the tax is likely to be fairly narrow, and is aimed only at very large firms, the wider impacts on the tech sector and the message it sends about the UK’s approach to the digital economy risk undermining confidence at a time when economic uncertainty is already high due to Brexit. techUK will continue to work with Governments both in the UK and internationally to seek a long term agreement on multination taxation.