AI-Assisted Content: Summaries are AI-generated for general reference. Always verify with the official tax authority.
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Europe

United Kingdom

The UK has progressive income tax with a personal allowance. National Insurance is a separate payroll levy. VAT applies at 20% with reduced rates for essentials.

Personal income tax

0–45%
Top marginal rate / range

Corporate tax

25%
Standard rate

VAT / Sales tax

20%
Standard indirect tax

At a glance

  • Tax year6 April – 5 April
  • Self-assessment31 January (online)
  • Capital gains10–24%
  • Personal allowance£12,570
Official Tax Authority HM Revenue & Customs
Visit official site →
This is a brief, AI-assisted summary intended for general reference only. Tax laws change frequently and vary by individual circumstance. Always verify current rates, rules, and obligations with United Kingdom's official tax authority (linked above) or a qualified tax professional before making any decision.