United Kingdom Personal Income Tax Rate

The Personal Income Tax Rate in the United Kingdom stands at 45 percent. Personal Income Tax Rate in the United Kingdom averaged 42.50 percent from 1995 until 2018, reaching an all time high of 50 percent in 2010 and a record low of 40 percent in 1996.

Personal Income Tax Rate in the United Kingdom is expected to be 45.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Personal Income Tax Rate is projected to trend around 45.00 percent in 2020, according to our econometric models.

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United Kingdom Taxes	Last	Previous	Highest	Lowest	Unit
Corporate Tax Rate	19.00	19.00	52.00	19.00	percent	[+]
Personal Income Tax Rate	45.00	45.00	50.00	40.00	percent	[+]
Sales Tax Rate	20.00	20.00	20.00	8.00	percent	[+]
Social Security Rate	25.80	25.80	25.80	9.00	percent	[+]
Social Security Rate For Companies	13.80	13.80	13.80	10.20	percent	[+]
Social Security Rate For Employees	12.00	12.00	12.00	7.75	percent	[+]

In the United Kingdom, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals which is 42,385 pounds in fiscal year 2015/16 and is expected to rise to 43,300 pounds by the 2017/18 tax year. This page provides - United Kingdom Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Personal Income Tax Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	45.00	45.00	50.00	40.00	1995 - 2018	percent	Yearly

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Country	Last		Previous	Range
Japan	55.95	Dec/18	55.95	55.95 : 50	%
Netherlands	52.00	Dec/18	52	60 : 52	%
Germany	47.50	Dec/18	47.5	57 : 44.3	%
Australia	45.00	Dec/18	45	47 : 45	%
China	45.00	Dec/18	45	45 : 45	%
France	45.00	Dec/18	45	59.6 : 45	%
South Africa	45.00	Dec/18	45	45 : 40	%
Spain	45.00	Dec/18	45	56 : 43	%
United Kingdom	45.00	Dec/18	45	50 : 40	%
Italy	43.00	Dec/18	43	51 : 43	%
South Korea	40.00	Dec/18	40	40 : 35	%
Switzerland	40.00	Dec/18	40	40.4 : 40	%
United States	37.00	Dec/18	39.6	39.6 : 35	%
India	35.88	Dec/18	35.54	35.88 : 30	%
Argentina	35.00	Dec/18	35	35 : 35	%
Mexico	35.00	Dec/18	35	35 : 28	%
Turkey	35.00	Dec/18	35	40 : 35	%
Canada	33.00	Dec/18	33	33 : 29	%
Indonesia	30.00	Dec/18	30	35 : 30	%
Brazil	27.50	Dec/18	27.5	27.5 : 27.5	%
Singapore	22.00	Dec/18	22	22 : 20	%
Russia	13.00	Dec/18	13	13 : 13	%
Saudi Arabia	0.00	Dec/18	0	0 : 0	%