Global law hub / Europe
UKUnited Kingdom
UK companies pay corporation tax at a main rate with relief for small profits, and most supplies bear VAT at 20%. Tax appeals go to the First-tier Tribunal, then the Upper Tribunal and the appellate courts.
Recent judgments and rule changes
Key laws
- Corporation Tax Acts 2009 & 2010Company profits, losses and reliefs.
- Value Added Tax Act 1994VAT on supplies of goods and services.
- Finance ActsAnnual changes following each Budget.
- Companies Act 2006Incorporation, directors' duties and filings with Companies House.
Official sources
Working with India
Doing business between India and United Kingdom? We advise on the Indian side — treaty relief, withholding, FEMA and transfer pricing documentation. Talk to us.