254%

TaxScouts’ mission is to make sorting taxes affordable and effortless. In 2018 it launched its UK tax service and ranks #1 (4.9/5) on Trustpilot. It’s Annualised User Growth has grown to 237% since inception and has expanded operations internationally in 2021 with a VC-led (Octopus) £5m.

  • Thousands of taxes filed fast, online, at a low, fixed cost
  • Backed by top VCs - Octopus Ventures, SpeedInvest and Seedcamp
  • Annualised User Growth of 237%
  • 1m+ organic visitors to website, 80+ NPS rating

Idea

Every year, an estimated 200 million Europeans go through the pain of personal tax preparation. If an online bank account can be opened in less than 3 minutes, why can’t Self Assessment be as seamless?

We launched TaxScouts in the UK in 2018 - sorting anyone's Self Assessment for £119, all in. The platform automates sales, data collection and admin for accountants, passing the cost savings on to our customers - and our flat pricing model undercuts the traditional accountancy market price up to 5x. 3 years on, TaxScouts is taking on the European tax preparation and advisory market, offering a simple, online alternative: pain-free tax returns and professional tax consultations, both for a low, flat fee. Our service is loved by customers with an 80+ NPS rating and 4.9/5 Trustpilot ranking.

2018 - UK operational launch, Angel round

2019 - Seed round, backed by SpeedInvest, Seedcamp

2020 - Series A backed by Octopus Ventures, launched in Spain

2021 - On Startup.com’s Startups 100 List; launched UK tax advice service

We’ve already filed thousands of tax returns with UK users growing on average 3x YoY. Internationally, we’ve seen bigger success: 2x faster user growth than the UK during the first 12 months of operation. This is an opportunity to invest alongside Octopus Ventures, SpeedInvest and Seedcamp to build on success in Spain and prepare for further European expansion next year.

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TaxScouts has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.