United Kingdom vs Monaco
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ฌ๐ง 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 ยฃ1,200โยฃ4,000+/year). Business rates are set nationally but collected locally. SDLT applies to property purchases (LBTT in Scotland, LTT in Wales).
๐ฒ๐จ Monaco โ No Sub-National Tax Variation
Monaco is a city-state with no sub-national taxation. Monaco has no personal income tax for residents (with limited exception for French nationals under a bilateral treaty). Corporate tax at 33.33% applies only to companies deriving more than 25% of revenue from outside Monaco. This principality between France and Italy is the world's most famous tax haven โ with the world's highest per-capita millionaires. VAT is aligned with the French system.
United Kingdom vs Monaco: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฌ๐ง United Kingdom has a higher top income tax rate (0โ45% vs 0%). ๐ฒ๐จ Monaco is more favourable for high earners.
๐ VAT/Sales Tax: Both countries have comparable consumption tax rates (0โ20% vs 20%).
๐ข Corporate Tax: ๐ฌ๐ง United Kingdom offers a lower corporate rate (25% vs 33.33%), which can influence business location decisions.
๐ Capital Gains: ๐ฒ๐จ Monaco taxes investment gains at a lower rate (0% vs 24%), benefiting investors.