Part I of this analysis of the UK as a business hub looked at many of the aspects that make the UK a favourable jurisdiction in which to conduct business. There are, of course, factors that detract from the UK’s attractiveness, and business also harbours hope that progress can be made to further increase the number of reasons for operating in the country.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap