There are a number of fundamentals of the UK that make it attractive for foreign investment - from a tax perspective, the UK has a low statutory rate of corporation tax (having fallen from 30% in 2009 to 19% in 2017) and a tax authority that is easy to work with and transparent. 

We shouldn’t underestimate the potential burden that Brexit may be on the tax system. Ensuring other changes are kept to an absolute minimum are all key to ensuring a successful transition.

“The UK boasts one of the most professional tax authorities in the world, but with the additional strain of Brexit and digitisation, funding will be needed to keep current levels of service up. ” 

Matt Ellis, Managing Partner Tax, Deloitte UK and Deloitte North West Europe

The UK lags behind other European countries on tax reliefs, and there is more that could be done to boost UK business and incentivise foreign investment, for example tax reliefs on staff training costs.