United Kingdom 
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- 66.6m people live here
- Area: 247009km²
Tax information in United Kingdom
Standard Corporate Tax Rate
22.00% (19.00 - 25.00%)
Corporate tax rate ranges from 19% to 25%.
Individual Income Tax Rate
40.00% (0.00 - 62.00%)
The individual income tax system has multiple rates including a zero rate for low income, with a highest effective rate of 62%.
Standard Inheritance Tax Rate
40.00% (- 40.00)
Inheritance tax is charged at a standard rate of 40%.
Standard VAT Rate
20.00% (5, 0%)
Standard VAT rate is 20% with reduced rates of 5% for home energy and 0% for essentials like groceries and medicines.
Cost of living in United Kingdom
Cost of Living (Couple)
$2957.04
Approximate cost for a couple including groceries, rent, transportation and lifestyle costs
Cost of Living (Family)
$7024.41
Approximate cost for a family including groceries, rent, transportation, lifestyle costs and parenting fee for one child
Cost of Living (1 Person)
$2104.20
Approximate cost for a single person including groceries, rent, transportation and lifestyle costs
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