LV · EuropeGB · Europe
Latvia vs United Kingdom: tax rates compared
United Kingdom has an income tax rate of 45%, 12pp above Latvia's 33%. The 200-country average is 28%: both sit 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 | LV | GB | Difference |
|---|---|---|---|
| Income Tax | 33% | 45% | GB +12 pplargest gap |
| Corporate Tax | 20% | 25% | GB +5 pp |
| VAT | 21% | 20% | LV +1 pp |
| Capital Gains Tax | 25.5% | 24% | LV +1.5 pp |
| Crypto Tax | 25.5% | 24% | LV +1.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| United Kingdom | 45% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −12 pp | United Kingdom higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | 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 | −5 pp | United Kingdom higher |
United Kingdom has a corporate tax rate of 25%, 5pp above Latvia's 20%. The 201-country average is 22.6%: Latvia sits below it, United Kingdom sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| United Kingdom | 20% | Source: PWC Worldwide Tax Summaries — United Kingdom (Corporate, Other taxes) · as of 2025-12-24 |
| Difference | +1 pp | Latvia higher |
Latvia has a VAT rate of 21%, 1pp above United Kingdom's 20%. The 181-country average is 15%: both sit above it. Latvia's figure is dated 2026-06-30 and United Kingdom's 2025-12-24, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| United Kingdom | 24% | Source: GOV.UK (HMRC) — Capital Gains Tax: rates · as of 2024-10-30 |
| Difference | +1.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 1.5pp above United Kingdom's 24%. The 175-country average is 10.3%: both sit above it. Latvia's figure is dated 2026-06-30 and United Kingdom's 2024-10-30, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| United Kingdom | 24% | Source: GOV.UK (HMRC) — Check if you need to pay tax when you sell cryptoassets · as of 2025-05-29 |
| Difference | +1.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 1.5pp above United Kingdom's 24%. The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| United Kingdom | 0% | Source: PWC Worldwide Tax Summaries — United Kingdom (Individual, Other taxes) · as of 2025-12-24 |
| Difference | 0 pp | displayed rates match |
Latvia and United Kingdom share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Latvia's figure is dated 2026-06-30 and United Kingdom's 2025-12-24, so the two rates come from different data vintages.