The UK is still an attractive destination for foreign
investment, despite the uncertainty brought about by its
negotiations to leave the European Union. But doing business in the
UK can be tricky if you're not familiar with local
regulation.
A recent study by LexisNexis found the UK tax code has more than
doubled in size since 1997, reaching more than 11,000 pages. Tax
rates are controlled by the Finance Act, which leaves provision to
update rates and duties every year - though that doesn't always
happen.
The complexity doesn't end there. Certain taxes have been
devolved from Westminster, the seat of power, to Scotland, Wales
and Northern Ireland. This means the regions have the power to set
and administer some taxes, and so where you base your business can
affect your tax burden. To date these devolved taxes are fairly
minimal - usually around stamp duty - although Scotland can set
some personal income tax rates and bands, and Northern Ireland can
set corporate
