WorldTax Compareโ† All Comparisons

Norway vs United Kingdom
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ณ๐Ÿ‡ด Norway
vs
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
22โ€“47.4%
Income thresholds rising with wage growth
No change
0โ€“45%
Thresholds remain frozen; fiscal drag continuing
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12โ€“25%
Standard 25% maintained
No change
0โ€“20%
Standard 20% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
22%
Resource rent taxes stable; critical minerals review
No change
19โ€“25%
25% main rate; possible future reform discussions
No change
Capital Gains Tax
Capital Gains Tax
37.84%
High dividend tax fuels holding co. debate
No change
18โ€“24%
Post-Oct 2024 rates in full effect
No change
Social Security & Payroll
Social Security / Payroll
~19.1%
Stable; labour market tight
No change
~28.3%
15% employer NI; lower secondary threshold remains
No change
State, Regional & Local Taxes

๐Ÿ‡ณ๐Ÿ‡ด Norway โ€” Municipal Taxes & Resource Rent

Norway's 15 counties and 356 municipalities set local income tax within a national band; max combined rate ~22%. Norway has unique resource rent taxes on petroleum (78%) and hydropower (67% from 2024). Wealth tax (formuesskatt) applies at 1%โ€“1.1% on net assets above NOK 1.7M. Dividends above a risk-free return are taxed at ~37.84% effective.

๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom โ€” Devolved, Council & Business Rates

Scotland sets its own income tax bands (six bands; top rate 48%). Wales has limited income tax-varying powers. Northern Ireland follows UK rates. All residents pay Council Tax to local authorities (typically ยฃ1,200โ€“ยฃ4,000+/year). Business rates are set nationally but collected locally. SDLT applies to property purchases (LBTT in Scotland, LTT in Wales).

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Norway vs United Kingdom: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ณ๐Ÿ‡ด Norway has a higher top income tax rate (22โ€“47.4% vs 0โ€“45%). ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Norway has a higher consumption tax (12โ€“25% vs 0โ€“20%).

๐Ÿข Corporate Tax: ๐Ÿ‡ณ๐Ÿ‡ด Norway offers a lower corporate rate (22% vs 25%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom taxes investment gains at a lower rate (24% vs 37.84%), benefiting investors.

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