United Kingdom vs Nicaragua
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇬🇧 United Kingdom — 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 £1,200–£4,000+/year). Business rates are set nationally but collected locally. SDLT applies to property purchases (LBTT in Scotland, LTT in Wales).
🇳🇮 Nicaragua — Municipal Taxes
Nicaragua's 153 municipalities levy the Impuesto de Matrícula (2% of prior revenues), Impuesto Municipal sobre Ingresos (IMI at 1% of monthly revenues), property tax (IBI at 1%), and service fees. Nicaragua under Ortega government has faced significant economic disruption from 2018 protests and subsequent international isolation. The economy has stabilized somewhat but remains one of the poorest in Central America. Tax administration reform has been ongoing with support from international institutions.
United Kingdom vs Nicaragua: Key Tax Differences (2026)
💰 Income Tax: 🇬🇧 United Kingdom has a higher top income tax rate (0–45% vs 0–30%). 🇳🇮 Nicaragua is more favourable for high earners.
🛒 VAT/Sales Tax: United Kingdom has a higher consumption tax (0–20% vs 15%).
🏢 Corporate Tax: 🇬🇧 United Kingdom offers a lower corporate rate (25% vs 30%), which can influence business location decisions.
📈 Capital Gains: 🇳🇮 Nicaragua taxes investment gains at a lower rate (15% vs 24%), benefiting investors.