- Following a 2021 consultation, the government appointed a panel of independent experts to consider and recommend whether the UK should introduce legislation permitting inward and outbound corporate re-domiciliations.
- The panel published a report, where it recommends that legislation in the UK be amended to permit both inward and outbound corporate re-domiciliations to remain competitive globally. In the report, the panel set out its thoughts on the process that should be adopted, as well as considerations from a tax, accounting, and insolvency perspective.
- In March 2026, the government published a technical consultation on the design of the regime.
- Notably, in the current consultation, the government confirms its plans to offer only inward re-domiciliation.
- The focus of this consultation is the legal framework. Any necessary changes to the tax legislation will be considered once the framework is established.
- Timing: the consultation closes on 19 June 2026.
Resources (click to open)
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