Hamilton Pratt

Profit: Dealing with Tax Issues

The UK tax regime includes both direct taxes (corporate and individual) as well as indirect taxes such as value added tax (VAT).  The UK has double taxation treaties with a large number of countries.

The UK Tax Regime

The UK has a low rate of corporation tax and one of the largest networks of double taxation treaties, with over 100 treaties in force.

The UK is an attractive location for holding companies of groups in the EU since a UK holding company can receive dividends from its EU subsidiaries without withholding tax, can credit foreign tax underlying those dividends against its own corporation tax liability and dividend the proceeds to its parent company, anywhere in the world, without withholding tax.