The 12 EU countries where taxes are higher than in Britain
The tax burden on Britons is still relatively mild when compared to several other EU nations, data has shown.
In fact, when top tax rates for 2022 of the UK and the 27 member states of the European Union are compared, Britain isn’t even in the top 10.
Top tax rates, which include central and sub-central government taxes, were the steepest in Denmark last year, when the percentage last year hit 55.9 per cent, according to statistics shared by the OECD.
France followed through with 55.4 per cent, 0.4 per cent more than Austria.
Portuguese residents paid higher taxes (53 per cent) than those living in Belgium (52.9 per cent).
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The top 10 list saw Germany at the bottom, with its top tax rates last year at 47.5 per cent.
Sweden, Finland, the Netherlands and Ireland all had rates higher than that, the data showed.
Italians’ top tax rates followed through at 47.2 per cent, while Luxembourg’s was at 45.8 per cent.
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The UK’s top tax rates were at 45 per cent last year – much like in Spain and Slovenia.
A comparison of nations’ income tax to their gross domestic product carried out by the Institute for Public Policy Research (IPPR) further suggested Britons are better placed when it comes to their tax burden than others in the EU.
The study argued not only that the UK has lower tax levels than most economically advanced countries, but also that many of the nations with higher tax rates have enjoyed over the years stronger real wage growth and greater average disposable incomes than Britons.
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Looking ahead, the IPPR believes that, even if the UK reaches projected record levels of post-war taxation in 2027, it would still not stand out when compared to other EU and OECD members.
The UK Government uses the revenue from the income tax to fund public services including the NHS, education and the welfare system.
Individuals also pay to the central government a National Insurance contribution.
The 10 countries where top tax rates are the highest:
- Denmark – 55.9 per cent
- France – 55.4 per cent
- Austria – 55 per cent
- Portugal – 53 per cent
- Belgium – 52.9 per cent
- Sweden – 52.2 per cent
- Finland – 51.3 per cent
- Netherlands – 49.5 per cent
- Ireland – 48 per cent
- Germany – 47.5 per cent
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