The notorious warlord was convicted by the Special Court for Sierra Leone (SCSL) on 11 counts of war crimes and crimes against humanity.
His appeal was rejected last month.
UK Justice Minister Jeremy Wright said, "The United Kingdom's offer to enforce any sentence imposed on former President Taylor by the SCSL was crucial to ensuring that he could be transferred to The Hague to stand trial for his crimes.
"Taylor will now be transferred to a prison in the UK to serve that sentence," he said adding that, "The conviction of Charles Taylor is a landmark moment for international justice. It clearly demonstrates that those who commit atrocities will be held to account and that no matter their position they will not enjoy impunity."
Taylor, 65, helped Sierra Leonean rebels go on a murderous rampage across the war-torn country between 1991 and 2002, raping, murdering and mutilating tens of thousands of innocent victims.
He was found to have aided and abetted the crimes of the Revolutionary United Front (RUF) rebels in exchange for blood diamonds and was sentenced to 50 years in jail in May last year.
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