Regarding the financial year 2019 in accordance with the UK Finance Act 2016
COWI UK Limited is a wholly owned subsidiary of COWI International A/S, Denmark and member of COWI Group, a Danish-based consulting group owned by the COWI Foundation, Denmark. COWI Group has a history of 90 years of experience within engineering consultancy.
Worldwide, COWI Group employs 7,171 engineers, architects, planners, sociologists, biologists, agronomists, economists and other specialists with academic backgrounds in Group Companies in more than 25 countries around the world. We provide technical, supervisory and advisory services within engineering, economics, architecture and environmental science.
COWI UK Limited is a company in COWI's international business line Bridges, Tunnels and Marine Structures and provides services on projects worldwide from UK locations. COWI UK Limited is headquartered in London with additional offices in the UK and has 291 employees. In 2019, the company had a turnover of approx. GBP 37.9 million, which is approx. 4.7% of the total turnover of the COWI Group.
In 2019, the COWI Group had an effective tax rate of 41%.
Our UK Tax Approach
COWI's global tax approach, which also encompasses the UK tax approach, is based on compliance and integrity. This means that in COWI UK Limited:
- We aim to comply with local tax laws and international regulations when calculating taxes due.
- Where there are alternative routes to achieving the same commercial results, we consider the most efficient tax approach in compliance with applicable laws.
Further information can be found in COWI Group Tax Policy accessible here:
COWI Group Tax Policy