UK tax system is the second most effective in the G20

The UK has the second most effective tax system in the G20 for the ease of paying business taxes although remains outside the global top 20 according to the latest Paying Taxes report published by PwC and The World Bank Group. Canada which has the most effective tax system in the G20 ranked 19th overall. For the second year running the UK was ranked 23rd.

Hong Kong SAR has the world’s most effective tax system with Qatar and the United Arab Emirates in equal second place just ahead of Ireland.

The report looks at the overall tax rate and time spent preparing filing and paying corporation tax labour taxes and VAT. On average a UK company takes 105 hours to prepare file...