HK · AsiaGB · Europe
Hong Kong vs United Kingdom: tax rates compared
Between the two, United Kingdom's income tax rate (45%) tops Hong Kong's (17%) by 28pp. The 200-country average is 28%: Hong Kong sits below it, United Kingdom sits above it.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | HK | GB | Difference |
|---|---|---|---|
| Income Tax | 17% | 45% | GB +28 pplargest gap |
| Corporate Tax | 16.5% | 25% | GB +8.5 pp |
| VAT | 0% | 20% | GB +20 pp |
| Capital Gains Tax | 0% | 24% | GB +24 pp |
| Crypto Tax | 0% | 24% | GB +24 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 17% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Taxes on personal income) · as of 2025-12-31 |
| United Kingdom | 45% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −28 pp | United Kingdom higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 16.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| United Kingdom | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −8.5 pp | United Kingdom higher |
Between the two, United Kingdom's corporate tax rate (25%) tops Hong Kong's (16.5%) by 8.5pp. The 201-country average is 22.6%: Hong Kong sits below it, United Kingdom sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Corporate, Other taxes) · as of 2025-12-31 |
| United Kingdom | 20% | Source: PWC Worldwide Tax Summaries — United Kingdom (Corporate, Other taxes) · as of 2025-12-24 |
| Difference | −20 pp | United Kingdom higher |
Between the two, United Kingdom's VAT rate (20%) tops Hong Kong's (0%) by 20pp. The 181-country average is 15%: Hong Kong sits below it, United Kingdom sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Income determination) · as of 2025-12-31 |
| United Kingdom | 24% | Source: GOV.UK (HMRC) — Capital Gains Tax: rates · as of 2024-10-30 |
| Difference | −24 pp | United Kingdom higher |
Between the two, United Kingdom's capital gains tax rate (24%) tops Hong Kong's (0%) by 24pp. The 175-country average is 10.3%: Hong Kong sits below it, United Kingdom sits above it. Hong Kong's figure is dated 2025-12-31 and United Kingdom's 2024-10-30, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: Hong Kong Inland Revenue Department — Departmental Interpretation and Practice Notes No. 39 (Revised): Digital Economy, Electronic Commerce and Digital Assets · as of 2020-03-01 |
| United Kingdom | 24% | Source: GOV.UK (HMRC) — Check if you need to pay tax when you sell cryptoassets · as of 2025-05-29 |
| Difference | −24 pp | United Kingdom higher |
Between the two, United Kingdom's crypto tax rate (24%) tops Hong Kong's (0%) by 24pp. The 88-country average is 13%: Hong Kong sits below it, United Kingdom sits above it. Hong Kong's figure is dated 2020-03-01 and United Kingdom's 2025-05-29, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Hong Kong | 0% | Source: PWC Worldwide Tax Summaries — Hong Kong SAR (Individual, Other taxes) · as of 2025-12-31 |
| United Kingdom | 0% | Source: PWC Worldwide Tax Summaries — United Kingdom (Individual, Other taxes) · as of 2025-12-24 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Hong Kong and United Kingdom both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.