Foreign media companies operating through a branch or permanent establishment in the UK are subject to tax on their UK profits in the same way as any other company. Foreign citizens who own media outlets operating in the UK are liable to UK personal taxation in the same way as any other foreign citizen. HM Revenue and Customs is committed to ensuring that all foreign companies and individuals pay the UK tax that is due and to carrying out investigations using its usual procedures.
The UK is obligated to allow freedom of ownership within the European economic area. Foreign ownership restrictions have never been applied to newspaper ownership. Foreign investment in UK media businesses increases productivity and efficiencies as well as bringing new ideas, skills and creativity, all of which provide better services for consumers.