Spain | United Kingdom | Difference in United Kingdom | |
---|---|---|---|
Gross Income | 35,044.68 EUR / 30,000.00 GBP | 30,000.00 GBP / 30,000.00 GBP | - 0.00 GBP |
Tax Due | 8,216.95 EUR / 7,034.12 GBP | 6,064.16 GBP / 6,064.16 GBP | - 969.96 GBP |
Net Income | 26,827.73 EUR / 22,965.88 GBP | 23,935.84 GBP / 23,935.84 GBP | + 969.96 GBP |
Overall Tax Rate | 23.4 % | 20.2 % | - 3.20 %. |
Figures based upon 1 EUR = 0.85605005 GBP.
Figures based upon 1 GBP = 1 GBP.
In Spain, an income of 35,044.68 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 12,600.00 EUR / 10,786.23 GBP and more than the country's average income of 24,936.00 EUR / 21,346.46 GBP.
In United Kingdom, an income of 30,000.00 GBP / 30,000.00 GBP is more than the lowest average advertised salary of 12,757.00 GBP / 12,757.00 GBP and less than the country's average income of 33,000.00 GBP / 33,000.00 GBP.
Here are how much some common purchases cost in Spain vs United Kingdom:
Spain | United Kingdom | Difference in United Kingdom | |
---|---|---|---|
Water Bottle (1.5L) | 0.57 EUR / 0.49 GBP | 0.95 GBP / 0.95 GBP | + 0.46 GBP |
Milk Bottle (1L) | 0.77 EUR / 0.66 GBP | 0.90 GBP / 0.90 GBP | + 0.24 GBP |
Pint of Beer | 2.30 EUR / 1.97 GBP | 3.50 GBP / 3.50 GBP | + 1.53 GBP |
Bread (500g) | 0.95 EUR / 0.81 GBP | 0.98 GBP / 0.98 GBP | + 0.17 GBP |
Chicken Breasts (1kg) | 5.79 EUR / 4.96 GBP | 5.67 GBP / 5.67 GBP | + 0.71 GBP |
Petrol UK Gallon | 5.73 EUR / 4.91 GBP | 5.68 GBP / 5.68 GBP | + 0.78 GBP |
Volkswagen Golf or Equivalent | 19,000.00 EUR / 16,264.95 GBP | 18,000.00 GBP / 18,000.00 GBP | + 1,735.05 GBP |
Broadband Internet Monthly | 40.70 EUR / 34.84 GBP | 30.21 GBP / 30.21 GBP | - 4.63 GBP |
Rent One Bedroom Apt. In City (Monthly) | 627.72 EUR / 537.36 GBP | 722.24 GBP / 722.24 GBP | + 184.88 GBP |
Purchase One Bedroom Apt. In City | 99,498.35 EUR / 85,175.57 GBP | 139,346.55 GBP / 139,346.55 GBP | + 54,170.98 GBP |
Part of Europe, Spain covers an area of 498,595 square kilometers.
Spain has a Gross Domestic Product (PPP) of 1,689.71 ($ Billion) from a population of 46,070,146.
People in resident and working in Spain are liable to pay PIT (Personal Income Tax). A progressive tax system spread over five tax bands ranging from 19% to 45%.
Tax bands are as follow:
Below 12450 EUR - 19%
Between 12450 EUR and 20200 EUR - 24%.
Between 20200 EUR and 35200 EUR - 30%.
Between 35200 EUR and 60000 EUR - 37%.
Above 60000 EUR - 45%.
Personal allowance deduction allowed of 5,550 EUR
Other expenses deduction allowed of 2,000 EUR
Additional allowance deduction of up to 3,700 EUR allowed for incomes below 14,450 EUR
Social contributions are 6.35% for employees plus another 1% for accidents (office work) but varies. They are deductible from gross income for tax purposes.
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
Part of Europe, United Kingdom covers an area of 241,917 square kilometers.
United Kingdom has a Gross Domestic Product (PPP) of 2,787.74 ($ Billion) from a population of 65,511,098.
A progressive tax system with 3 bands with tax rates from 20% to 45%.
Personal tax-free allowance provided of 12,500 GBP.
Personal allowance is reduced by 1 GBP for every 2 GBP over 100,000 GBP.
Tax bands are as follow:
Below 37500 GBP - 20%
Between 37500 GBP and 150000 GBP - 40%.
Above 150000 GBP - 45%.
Mandatory social security contributions (National Insurance) Class A bands are as follow:
Below 8632 GBP - 0%
Between 8632 GBP and 50024 GBP - 12%.
Above 50024 GBP - 2%.
Source: https://www.gov.uk/government/organisations/hm-revenue-customs.
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
This calculator allows you to calculate income taxes and social contributions equivalent for Spain and United Kingdom and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to Spain's and United Kingdom's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.
We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.
We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.
Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.
It is quick and easy to use and you can get a detailed result at the click/tap of a button!
Compare tax using these examples:
We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!
Source: https://www.impots.gouv.fr/portail/international
Source: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/how_your_tax_is_calculated.html
Source: http://www1.agenziaentrate.gov.it/english/revenue_agency/index_revenue.htm
Source: http://www.impotsdirects.public.lu/fr.html
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: https://www.gov.uk/government/organisations/hm-revenue-customs.
Source: http://www.bundesfinanzministerium.de/Web/EN/Issues/Taxation/taxation.html.
Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.
Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
Source: https://www.ato.gov.au.
Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.
Source: https://www.nta.go.jp/foreign_language/.
Source: http://www.chinatax.gov.cn/2013/n2925/.
* calculations are currently based on the 2019 tax rules, rates and allowances for comparable single individuals in each country.