Compliance Team
Angels Den

Dear User,

You may have heard about the new General Data Protection Regulation (“GDPR”), that comes into effect May 25, 2018.

We would like to ensure you that your personal data is safe with us. Please read the details regarding the processing of your personal data and if you agree with the processing as described below, please click the ‘I agree’ button.

Please be informed that you can withdraw this consent at any time.

1) What data are we talking about?

We are disclosing details regarding the processing of personal data that is collected within our calls and in connection with your use of Angels Den’s platform, Websites and other functionalities of Angels Den, including those saved in cookies files.

2) Who will be the controller of your data?

Angels Den Funding Limited (hereinafter referred to as AD) will be the controller of your data (Angels Den means all entities from the Angels Den capital group, which includes Angels Den Funding Limited with its registered office in London and all entities related to it and dependent on it) and only our Trusted Partners.

3) Why do we want to process your data?

We process this data for the purposes described in our Privacy Policy, including:
- compliance with any legal requirements and obligations,
- ensuring that content from our Website is presented in the most effective manner for you,
- marketing purposes,
- providing you with our services (including the completion and support of immediate activity required to provide you with information and deliver products and/or services that you request and to deliver any contracts entered into with you), or
- as otherwise explained in this privacy policy or by any communication by us.
Where you have explicitly consented to be contacted for such purposes, we use your personal data to provide information on our new and existing products and services.

4) To whom can we transfer data?

In accordance with applicable law, we may transfer your data to entities processing it at our request, e.g. marketing agencies, subcontractors of our services and entities authorized to obtain data under applicable law, e.g. courts or law enforcement agencies - of course only if they submit a request based on an applicable legal basis. Furthermore, we will transfer your data to Trusted Partners outside the European Union – to the USA – under the EU-U.S. Privacy Shield Framework.

5) What are your rights to your data?

You have the right to request access to, correct, delete your personal data. You can also withdraw consent to processing of personal data, raise objections and use other rights granted under GDPR (i.e. right to data portability).

6) Use of cookies

We use cookies to give you the best experience on our Website. This means that we have placed cookies on your device. If you continue without changing your cookie settings, we assume that you consent to our use of cookies on this device. You can change your cookie settings at any time but if you do, you may lose some functionality on our Website. More information can be found in our Privacy Policy.

In connection with the above, I agree to the processing of my personal data by Angels Den and its Trusted Partners. I confirm that I understand that my personal data is being collected as part of my phone calls, use of AD’s online platform, Websites, and other functionalities of AD, including the data saved in cookie files. I also consent to profiling in order to allow Angels Den and its Trusted Partners the provision of better services (including for analytical purposes). Your data will only be processed on a valid lawful basis in accordance with applicable data protection laws. The processing of your personal data for marketing purposes (including statistical analysis) by AD is based on the firm's legitimate interest. The processing for marketing purposes by our Trusted Partners is only possible if we receive your freely given consent. We will also process your personal data to fulfil our contractual obligations to you as contained in AD’s Terms and Conditions of the use of our Website and services. Therefore, this data will be processed on another lawful basis – ‘contract’. We will also process your data to comply with our legal obligations for our Service (such as anti money laundering and know your customer requirements), which is also a valid lawful basis in accordance with applicable data protection laws.

Expressing this consent is voluntary and you can withdraw at any time.

If you have any doubts or questions about the use of your personal data, please do not hesitate to contact me via email. I’m happy to assist.

Compliance Team
Angels Den
cl@angelsden.com

I Agree
Not Now

Autumn Budget 2024

On October 30th, 2024 Chancellor Rachael Reeves announced the first labour party budget in 14 years.

The government is adopting a new approach in the Autumn Budget 2024, focusing on balancing public finances, supporting vital services, and driving economic growth. Key measures include strengthening fiscal responsibility by introducing new fiscal rules to ensure the long-term sustainability of public finances, alongside making difficult decisions on tax, welfare, and spending. This strategy reflects a balanced approach, addressing immediate public service needs while laying the groundwork for sustained economic development. The new budget clearly targets the working people, but how will the budget changes affect new businesses?


Capital Gains Tax

Reeves announced the lower rate of Capital Gains Tax will increase from 10% to 18%, and the higher rate from 20% to 24%. This means the UK will still have the lowest Capital Gains Tax rate of any European G7 economy. For businesses, the higher CGT rates could reduce after-tax returns on disposals of assets. This might lead businesses to reassess their investment strategies and timing of asset sales to minimize tax liabilities. For investors, the increase in CGT rates may lead to higher tax bills. This could influence decisions around the timing of selling assets and encourage holding onto investments longer to defer tax payments. Overall, while the CGT increase presents a higher tax burden for some, the UK remains competitive compared to other G7 economies, offering businesses and investors some reassurance in the global landscape.


Business Asset Disposal Relief

To encourage entrepreneurs to invest in their businesses, Business Asset Disposal Relief (BADR) will remain at 10% this year, before rising to 14% on 6 April 2025 and 18% from 6 April 2026-27. BADR is a UK tax relief that provides entrepreneurs and business owners with a reduced rate of Capital Gains Tax (CGT) when they sell or dispose of qualifying business assets. This relief can make a significant difference to business owners by allowing them to keep a larger portion of the proceeds when they sell or transfer their businesses, encouraging further investment and reinvestment in business activities. With the rate currently at 10%, this tax is relatively low, making the current tax year an attractive time for business owners to sell their businesses or assets and maximise post-sale returns. However, the upcoming phased rate increases mean that the tax advantage will gradually reduce over the next few years. 

Employment Allowance

Small businesses will be protected as the Employment Allowance will increase to £10,500 from £5,000. This will increase the number of small businesses that will not be liable to pay Employers National Insurance at all. The Employment Allowance increase means more financial freedom for small businesses, reduced labor costs, and greater potential for growth and scalability. For investors, this provides a favourable environment for funding startups and early-stage ventures as their financial resilience and growth prospects improve.

Written by Caleb Reynolds and Pryce Pitchford, Entrepreneur Relations Analyst at Angels Den, Europe and UK’s largest angel-led finance platform helping early-stage companies and SMEs get easy access to growth capital.