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Grenada vs United Kingdom
Tax Rate Comparison

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

🇬🇩 Grenada
vs
🇬🇧 United Kingdom
Tax Year:

💰 Personal Income Tax Calculator

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Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
0–30%
No change
0–45%
Thresholds remain frozen; fiscal drag continuing
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
15%
No change
0–20%
Standard 20% maintained
No change

Corporate Tax Rate

Corporate Tax Rate
28%
No change
19–25%
25% main rate; possible future reform discussions
No change

Capital Gains Tax

Capital Gains Tax
0%
No change
18–24%
Post-Oct 2024 rates in full effect
No change

Social Security & Payroll

Social Security / Payroll
4% + 5%
No change
~28.3%
15% employer NI; lower secondary threshold remains
No change
State, Regional & Local Taxes

🇬🇩 GrenadaGrenada Tax System

Grenada imposes income tax at a flat 30% on income above the personal allowance. No capital gains tax applies. VAT is 15%. The Citizenship by Investment programme (among the oldest in the Caribbean) is a significant revenue source. The 'Spice Isle' economy depends heavily on tourism and nutmeg exports.

🇬🇧 United KingdomDevolved, 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 £1,200–£4,000+/year). Business rates are set nationally but collected locally. SDLT applies to property purchases (LBTT in Scotland, LTT in Wales).

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

Grenada vs United Kingdom: Key Tax Differences (2026)

💰 Income Tax: 🇬🇧 United Kingdom has a higher top income tax rate (0–30% vs 0–45%). 🇬🇩 Grenada is more favourable for high earners.

🛒 VAT/Sales Tax: United Kingdom has a higher consumption tax (15% vs 0–20%).

🏢 Corporate Tax: 🇬🇧 United Kingdom offers a lower corporate rate (25% vs 28%), which can influence business location decisions.

📈 Capital Gains: 🇬🇩 Grenada taxes investment gains at a lower rate (0% vs 24%), benefiting investors.

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