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United Kingdom
The United Kingdom Geography, Politics, Culture, and Economy
The United Kingdom is made up of Scotland, Wales, and England, with the larger entity known as Great Britain and Northern Ireland. They border the Republic of Ireland to the west and across the English Channel and the North Sea as well as border countries such as France, Belgium, Netherlands, Germany, Denmark, and Norway. After several centuries as a globally dominating colonial power, the UK’s economic and political influence was diminished by the two world wars and the breakup of the British Empire.
English is the country’s official language. Other native languages include Celtic, Scots Gaelic, Welsh, Cornish, Irish and Old Norse. Modern Britain is largely multicultural, with almost two-thirds of the population who profess not to believe in God, while 36 percent are members of the official Anglican church. Social classes still permeate the culture and continue to include tensions between the working class and a few aristocrats. It has a constitutional monarchy where the government is run by a prime minister but each of the four nations has its own judicial system. Recently, the UK announced its intention to exit the European Union, popularly known as ‘Brexit’.
| April 2 | Good Friday |
| May 3 | Early May Bank Holiday |
| May 31 | Spring Bank Holiday |
| December 25 | Christmas Day |
| December 26 | Boxing Day |
| December 27 | Substitute Bank Holiday for Christmas Day |
| December 28 | Substitute Bank Holiday for Boxing Day |
- CIC (community interest company)
- CIO (Charitable Incorporated Organisation)
- Industrial and provident society
- General partnership
- LLP (Limited liability partnership)
- Scottish limited partnerships
- LP (Limited partnership)
- Private Limited Companies (Ltd or Limited or Welsh Cyfyngedig (Cyf))
- Private company limited by shares
- Private company limited by guarantee
- Public Limited Company (PLC or Welsh Cwmni Cyfyngedig Cyhoeddus (CCC))
- Unlimited company (or Welsh (cwmni) anghyfyngedig)
- Sole proprietorship (Sole traders)
- Corporate Tax: 19%
- Income Tax (Lowest Marginal Rate): 0% (on incomes not over £12,500)
- Income Tax (Highest Marginal Rate): 47% on incomes over £150,000 (45% income tax + 2% for NI)
- VAT/GST/Sales Tax: 20% (standard rate), 5% (home energy and renovations), 5% (tourism and hospitality sector for 6 months from the 8th of July 2020), 0% (life necessities: groceries, water, prescription medications, medical equipment and supplies; public transport; children’s clothing; books and periodicals)
- Bank of Scotland (Local Bank)
- Barclays Bank (Local Bank)
- Clydesdale Bank (Local Bank)
- The Co-operative Bank (Local Bank)
- Northern Bank (Local Bank)
- Danske Bank (Local Bank)
- Halifax (Local Bank)
- HSBC UK (Local Bank)
- Lloyds Bank (Local Bank)
- National Westminster Bank, (Local Bank)
- The Royal Bank of Scotland (Local Bank)
- Santander UK (Local Bank)
- Standard Chartered Bank (Local Bank)
- TSB Bank (Local Bank)
- Ulster Bank (Local Bank)
- Yorkshire Bank (Local Bank)
- Adam and Company, part of The Royal Bank of Scotland Group (Commercial Bank)
- Aldermore Bank (Commercial Bank)
- Allied Irish Bank, part of Allied Irish Banks (Commercial Bank)
- Al Rayan Bank, part of Masraf Al Rayan (Commercial Bank)
- Arbuthnot Latham & Co (Commercial Bank)
- Atom Bank (Commercial Bank)
- Bank Negara Indonesia (Commercial Bank)
- Bank and Clients (Commercial Bank)
- Bank of Ceylon (UK), part of Bank of Ceylon (Commercial Bank)
- Bank of Cyprus (UK), part of Bank of Cyprus (Commercial Bank)
- Bank of Ireland (UK), part of Bank of Ireland (Commercial Bank)
- Butterfield Private Bank (Commercial Bank)
- C. Hoare & Co (Commercial Bank)
- Cambridge & Counties Bank (Commercial Bank)
- Cater Allen Private Bank, subsidiary of Santander UK, part of Banco Santander (Commercial Bank)
- Child & Co, branch of The Royal Bank of Scotland (Commercial Bank)
- Coutts & Co, subsidiary of NatWest, part of RBS Group (Commercial Bank)
- Deutsche Bank (Commercial Bank)
- Drummonds Bank, branch of The Royal Bank of Scotland (Commercial Bank)
- Duncan Lawrie (Commercial Bank)
- First Trust Bank, part of Allied Irish Banks (Commercial Bank)
- Habib Bank AG Zurich (Commercial Bank)
- ICICI Bank UK, part of ICICI Bank (Commercial Bank)
- Isle of Man Bank, subsidiary of NatWest, part of RBS Group (Commercial Bank)
- Julian Hodge Bank (Commercial Bank)
- Kingdom Bank, independent Christian bank (Commercial Bank)
- Kleinwort Hambros Private Bank, part of Société Générale (Commercial Bank)
- M&S Bank, part of HSBC (Commercial Bank)
- Metro Bank (Commercial Bank)
- Monzo (Commercial Bank)
- National Bank of Kuwait (International), part of the National Bank of Kuwait (Commercial Bank)
- National Savings and Investments, an Executive Agency of the Chancellor of the Exchequer, backed by HM Treasury (Commercial Bank)
- OneSavings Bank (Commercial Bank)
- Raphaels Bank, independent bank established 1787 (Commercial Bank)
- Reliance Bank, owned by the Salvation Army (Commercial Bank)
- Sainsbury’s Bank, owned by J Sainsbury plc (Commercial Bank)
- Shawbrook Bank (Commercial Bank)
- Starling Bank (Commercial Bank)
- Tandem Bank (Commercial Bank)
- Tesco Bank, owned by Tesco plc (Commercial Bank)
- Unity Trust Bank (Commercial Bank)
- Virgin Money, previously Northern Rock (Commercial Bank)
- Wesleyan Bank (Commercial Bank)
Aadmi can support you with your expansion to the United Kingdom. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns. Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.
Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.
