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European Company Formation 
United Kingdom Tax facts
Tax facts
INCOME TAX RATES
| Taxable income (GBP) | Tax rate (%) |
|---|---|
| up to 300,000 | 21 |
| from 300,000 – 1,500,000 | 29.75 |
| over 1,500,000 | 28 |
VALUE ADDED TAX (VAT)
17.5% on majority of sales of goods/services; reduced or zero rate on certain specific items.
CAPITAL GAINS TAX (CGT)
Tax paid at company tax rate; indexation relief available.
LOSSES
Both individual and company losses can be offset against other income in the current year, or carried back and offset against income of the former year (up to three years if terminal losses in a company, or in the opening or final years of business if an individual). Hey can also be carried forward indefinitely and offset against similar profits/from the same source.
TREATY NETWORK
19 countries.
WITHOLDING TAX (non-residents)
Dividends: 0%
Interest: 20%
Royalties: 22%
