The UK government is planning to limit some of its tax breaks to companies with fewer than 500 staff and a limited number of overseas offices.
The move, which will apply to the tech industry, is aimed at attracting investment from British companies who are keen to do business in the United States and Europe.
Prime Minister Theresa May, who was sworn in on Thursday, has said the new tax regime would help Britain “get back on track” after Brexit.
In a speech, she said the tax incentives would help to “rebuild our infrastructure, to support the UK’s businesses and create jobs.”
The UK government said in a statement that “the UK is already one of the fastest growing and fastest-growing economies in the world.”
It said the government was “committed to supporting the businesses that will create jobs, create growth and create wealth for all British people.”