Tech City UK Blog

A guide to UK taxation

The Government’s goal is to make the UK the best place in the world to locate an international business. Since 2010, the Government has undertaken a comprehensive review of the UK tax system, consulting with business on the direction and design of new reforms. The Government has made tax policy simpler, more transparent and therefore better suited to a globalised trading world and to modern business practice. The corporation tax rate is currently 21 per cent and will be reduced further to 20 per cent by 2015 – the lowest it has ever been in the UK, the lowest in the G7 and joint lowest in the G20.