§ Lord Marlesfordasked Her Majesty's Government:
What is the current top rate of tax on income in each of the members of the European Union, indicating in each case the threshold of total income at which this rate of tax would be applied. [HL3404]
38WA
§ Lord McIntosh of HaringeyThe current top rates of personal income tax together with threshold levels of taxable income in EU member countries are shown in the following table. We are unable to provide threshold figures for total income because they vary depending on an individual's personal circumstances. For example in the UK an individual's threshold may vary accordingly to his entitlement to children's tax credit or age related allowances.
Country Top rates of tax including local taxes % Level of taxable income at which top rates apply in £ Sterling UK 40.00 29,400 Austria 50.00 31,363 Belgium 160.78 43,916 Denmark 59.00 23,417 Finland 253.00 33,724 France 53.25 28,571 Germany 351.17 33,913 Greece 40.00 14,427 Rep of Ireland 42.00 15,662 Italy 445.34 42,985 Luxembourg 538.95 21,270 Netherlands 52.00 29,436 Portugal 40.00 31,598 Spain 48.00 41,581 Sweden 656.00 28,342 1 Belgium: national max rate (55%) plus crisis surcharge (3%) plus municipal surcharge (average 7.5%) total effective rate 60.775%. 2 Finland: national max rate (36%). Local taxes range from 15.5% to 19.75%, say average 17%. Total 53%. 3 Germany: max national rate 48.5% plus solidarity surcharge 5.5%. Total effective rate 51.1675. 4 Italy: max national rate 45% plus regional surcharge of 0.5% to 1%, say average 0.75%. Total effective rate 45.3375. 5 Luxembourg: max national rate 38% plus surcharge 2.5%. Effective 38.95%. 6 Sweden: max national rate 25% plus average local rate 31%. Total 56%.