GB · Europe · GBP
United Kingdom
Income Tax
45%
| Threshold | Rate |
|---|---|
| GBP 0 | 0% |
| GBP 12,570 | 20% |
| GBP 50,270 | 40% |
| GBP 125,140 | 45% |
2025-26 tax year (England, Wales & Northern Ireland — Scotland sets its own bands). Excludes Class 1/4 National Insurance contributions. Top bracket (45%) matches the stored headline rate exactly. The Personal Allowance tapers away by £1 per £2 of income above £100,000, reaching £0 at £125,140 — this produces an effective marginal rate of 60% on the £100,000–£125,140 slice, not shown as its own bracket here since it is a taper mechanism on the allowance rather than a published rate band.
Corporate Tax
25%
VAT
20%
Wealth Tax
0%
No general annual net wealth tax on individuals. PWC's dedicated "Net wealth/worth taxes" subsection states: "Tax is not charged on an individual's wealth each year in the United Kingdom." A one-off wealth tax has been proposed and debated periodically (e.g. the independent Wealth Tax Commission's 2020 proposal) but never enacted. The UK's inheritance tax, capital gains tax, council tax, and stamp duty land tax are separate, narrower levies and are not net wealth taxes.
No verified data yet for: Capital Gains Tax, Crypto Tax.