Europe Tax Tables and Tax Brackets Hub

Tax Tables are important for both individuals and businesses as they need to be aware of the amount of taxes payable and when they are required to file tax returns. This guide aims to provide all the necessary information you need for the most recent fiscal year or you can visit the relevant government website for any additional clarification.

As your tax bracket determines the tax rate you will be paying within a financial year, understanding which tax bracket you are in will help you predict the amount of taxes payable. You can find your tax bracket by finding the bracket in which your yearly salary (before tax) sits.

Financial year refers to a 12-month period over which a business operates. It is used by a business to calculate a budget along with profits and losses for the year, as well as for tax purposes. The financial year ends on different dates around the world and in much of Europe it is December 31, while the UK’s financial year ends on April 5.

A fiscal year refers to a one-year period used for budgeting and preparing financial statements for a business to provide to the government. The fiscal year is chosen by a business to report their financial information to the government. For example, a fiscal year can start with the calendar year on January 1 and finish on December 31, it can start in October and end in September, or run July to June.