Taxation

UK Taxation

The UK is a pro-business, low-tax economy with several key advantages for companies and individuals, including:

• Corporation tax - reduced to 28% from April 2008 - lower than all the UK's core competitors in the European Union
• Employment taxes - personal income tax and social welfare contributions - among the lowest in Europe
• Generous tax allowances, including research and development tax credits
• The most extensive network of double taxation treaties in the world
• No exchange controls to prevent profits being paid overseas