The UK decision to increase its corporation tax rate to 25% from 19%  for companies with profits above £250,000 has meant it has dropped 15 places in the firm’s tax league table study, according to a study of 33 countries by accountancy firm UHY Hacker Young.  

The only countries ahead of the UK were Ireland with a rate of 12.5% Romania with a rate of 16%, Belarus with 18%, Croatia with 18%, and Poland which also had a rate of 19%.