The UK could be blacklisted by the European Union for levying taxes at a low rate post Brexit, a corporate tax partner at accountancy firm RSM has warned.

According to RSM’s Nick Blundell, a presentation by the EU’s Taskforce on Article 50 negotiations with the United Kingdom (TF50) last week called Level Playing Field which builds on April 2017 European Council Brexit guidelines, could see the EU targeting the UK if it significantly changes its tax regime to attract foreign investment.

The EC guidelines state that “any free-trade agreement should be balanced, ambitious and wide-ranging” and...