ANGELA WOOD
ETC TAX
PROPERTY, CORPORATE TAX
OUR JURISDICTIONS —
LAST UPDATED 21/07/2023
The United Kingdom (UK) is an island in the northwest of Europe. Its official language is English, and London is the capital city. Although it left the European Union (EU) in 2020, the UK had always retained the pound sterling (GBP) as its official currency, even when it was an EU member.
A leading financial sector and trading power, the UK is a trillion-dollar economy with business services, insurance, and banking accounting for lion’s share of its gross domestic product (GDP). While manufacturing in the UK is an industry in decline, the leading sectors are in IT, specialist engineering, aerospace, pharmaceuticals, and biotechnology.
AI, fintech, and digital media are also robust industries in the UK, and intensive, highly mechanised agriculture provides around 60% of the country’s food requirements. A net importer of energy for over a decade, the UK’s natural gas and oil reserves are on the decline.
It’s a permanent member of the United Nations (UN) Security Council, a member of the Commonwealth, and a founding member of the North Atlantic Treaty Organisation (NATO). Since the UK left the EU, there have been a series of changes as some EU tax measures no longer apply.
Our local Tax Natives in the UK can tell you everything you need to know about the ins and outs of your tax obligations there. Whether you’re buying a single property, or doing complex business deals, we’ll get you the advice you need. Just say the word and we’ll link you with a local expert who can answer all your questions.
Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.
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Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.
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