The UK is a low-tax economy with many advantages for businesses and individuals.

The UK has a corporate tax rate lower than any other G7 country with a headline rate of 28 per cent (introduced in April 2008).

An extensive network of double taxation treaties ensures that overseas businesses coming over here will not have their income taxed twice.

Generous tax allowances such as R&D tax credits add to the UK’s attraction for overseas investors.

Personal tax rates are also highly competitive and individuals becoming UK residents are entitled to a basic tax-free allowance.

More information, including comparative tax rates for other countries, is available in our Tax in the UK information sheet.