In the 2021 Budget The UK Chancellor of the Exchequer, Rishi Sunak stated that “an economy built on innovation must be open and attractive the ‘best and brightest minds’.” He added, “a third of our science Nobel Laureates have been immigrants. Half of our fastest-growing companies have a foreign-born founder.” Clearly, attracting the best and the brightest to the UK is seen as vital to the Government, and they are making changes to the UK Visa system for international talent to be launched in the Spring of 2022.
However, the Government are sending out mixed messages because the Relocation Tax Allowance has remained unchanged for 29 years. The £8,000 allowance with its complex mix of qualifying and non-qualifying expenses is unrealistic and it has suffered the ravages of inflation.
The ARP are lobbying HM Treasury to review the Relocation Tax Allowance and align it with the true costs of relocation to encourage talent to make the UK their home. Following a meeting late last year with the Treasury, the ARP are gathering anonymous survey data to demonstrate the need for change. We are urging all those corporations and organisations that relocate employees within, or into, the UK to complete the 4-minute survey so their views can be heard. The survey is designed for employers who relocate their employees.
The survey link is: https://www.getfeedback.com/r/pWZOGwXB
Thank you for completing the survey. We shall publish the results of the survey once we have achieved our target number of respondents.