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UK Loses Nearly 4,000 Company Directors After Budget Tax Increases

Punitive Budget measures are driving executives to low-tax havens such as the UAE.

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Many company directors have moved to destinations such as Abu Dhabi to escape higher British taxes

Overview

  • Companies House data show 3,790 directors removed UK residency between October 2024 and July 2025, up from 2,712 a year earlier.
  • Monthly departures peaked at 691 in April after most tax rises came into effect, marking a 79% increase year over year.
  • Over 150 former UK directors joined the UAE between April and June, outpacing other destinations.
  • High-profile departures include Bart Becht, Mark Makepeace, Riccardo Silva, Eddie Hearn, and John Reece following the non-dom crackdown and VAT on private school fees.
  • Government officials argue the new regime remains competitive, but lack of official non-dom expatriation data until 2027 leaves the overall impact unclear.