Comparison of Personal Income Tax in the Czech Republic and Great Britain

The bachelor’s thesis deals with the personal income taxation in the Czech Republic and in the United Kingdom. The aim of the thesis is to compare and evaluate the tax burden of Czech and British tax residents. The theoretical part formulates the principles of personal income tax based on a description of the basic concepts of taxation. The practical part is focused on the comparison of tax systems and labor taxation rates. The comparison is made using model calculations of taxpayers’ tax liabilities who represent the particular income group. The calculation results are evaluated by applying effective tax rates and the percentage decomposition of incomes. The last part proposes tax optimization methods and possible legislative changes. The conclusion of the thesis assesses the impacts of amendment to tax laws on individuals in the Czech Republic