In 2023/24, households in the top decile in the United Kingdom paid, on average, 48,189 British pounds in income tax, compared with the lowest income decile which paid around 1,783 pounds per year.

The Personal Income Tax Rate in the United Kingdom stands at 45 percent. This dataset provides - United Kingdom Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in the United Kingdom stands at 25 percent. This dataset provides - United Kingdom Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Main tables from the Effects of taxes and benefits on household income publication from 1977, including average incomes, taxes and benefits and household characteristics of all, retired and non-retired households in the UK by quintile and decile groups.

United Kingdom UK: Total Tax Rate: % of Profit data was reported at 30.700 % in 2017. This records a decrease from the previous number of 30.900 % for 2016. United Kingdom UK: Total Tax Rate: % of Profit data is updated yearly, averaging 34.600 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 36.200 % in 2011 and a record low of 30.700 % in 2017. United Kingdom UK: Total Tax Rate: % of Profit data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Company Statistics. Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

In the United Kingdom, tax revenue as a share of GDP, sometimes called the national tax burden was 35.3 percent in 2024/25, up from just 28.4 percent in 1993/94.

In 2022/23 approximately *****million taxpayers in the United Kingdom earned between 20,000 and 29,999 British pounds in this tax year, the most of any income level, while approximately *******taxpayers in the UK earned over one million pounds.

The Social Security Rate in the United Kingdom stands at 23.80 percent. This dataset provides - United Kingdom Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about United Kingdom Tax Revenue

• UK Tax Revenue was reported at 256.268 USD bn in Dec 2024.
• This is a decrease from the previous figure of 266.877 USD bn for Sep 2024.
• UK Tax Revenue data is updated quarterly, averaging 68.866 USD bn from Mar 1957 to Dec 2024, with 272 observations.
• The data reached an all-time high of 293.309 USD bn in Mar 2024 and a record low of 3.111 USD bn in Jun 1957.
• UK Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Quarterly.

CEIC calculates quarterly Tax Revenue as the sum of Taxes on Income and Wealth, Taxes on Production, Other Current Taxes and Taxes on Capital and converts it into USD. Office for National Statistics provides Tax Revenue in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

A dataset of car tax calculations for company cars by operating cycle, manufacturer, model, and derivative.

Taking five Anglo-Saxon countries that have relatively similar backgrounds and tax systems – Australia, Canada, New Zealand, the UK, and the US – we see that the shares of the very richest exhibit a strikingly similar pattern, falling in the three decades after World War II, before rising sharply from the mid-1970s onwards. The share of the top 1 percent is highly correlated across Anglo-Saxon countries, more so than with the share of the next 4 percent. Controlling for country and year fixed effects, we find that a reduction in the marginal tax rate on wage income is associated with an increase in the share of the top percentile group. Likewise, a fall in the marginal tax rate on investment income (based on a lagged moving average) is associated with a rise in the share of the top percentile group.

The Tax Preparation Software Developers industry's revenue is supported by the fact that tax returns are required to be submitted every year, making revenue less susceptible to any economic downturns. The HMRC's Making Tax Digital (MTD) policy has catalysed the industry's revenue growth by mandating transitions from paper-based to digital filing systems. The extension of MTD for VAT to all VAT-registered businesses by April 2022 expanded the market significantly, compelling developers like Intuit and Sage to integrate MTD functionalities into their platforms. This shift not only increased subscription revenue but also solidified market confidence in digital solutions as both individuals and businesses sought cost-effective, reliable alternatives to traditional accounting services. Industry revenue is expected to grow at a compound annual rate of 3.8% over the five years through 2024-25 to reach £200.1 million. The provision of online software has greatly boosted industry revenue, as it helps developers reach a wider audience and makes the sale of software cheaper and more convenient. Economic factors, like the cost-of-living crisis, have influenced consumer behaviour, with many turning to digital platforms for their tax preparation needs to save costs over the three years through 2024-25. Moreover, lower consumer and business confidence constrained spending, heightening demand for industry software, as some uncertain consumers and businesses prefer to file tax returns themselves using cheaper software instead of acquiring tax consultants' services. Revenue is set to climb by 5.1% in 2024-25, supported by strong uptake of online software and a higher number of UK businesses. The average industry profit margin is forecast to heighten over the five years through 2024-25, supported by the provision of software online, which has reduced costs and supported sales growth. Industry revenue is forecast to strengthen at a compound annual rate of 5.6% over the five years through 2029-30 to reach £262.9 million, with amended MTD requirements and the popularity of online software expected to boost demand. The government's commitment to digital tax administration, with MTD extensions for Income Tax Self Assessment set for 2026, promises to expand the market further. Developers that align with these legislative changes and innovate accordingly are poised to capitalise on new opportunities. The industry's progression towards cloud-based solutions, like Sage's successful integration of AI technologies, underscores the competitive edge that advanced digital solutions offer. However, the industry faces challenges, primarily a skilled workforce shortage. Developers must invest in upskilling and reskilling initiatives to maintain their competitive edge. Strategic measures, coupled with emerging technologies, will be vital for sustaining growth in the complex landscape tax preparation software developers navigate.

In the 3 years to March 2021, black households were most likely out of all ethnic groups to have a weekly income of under £600.

The median annual earnings in the United Kingdom was 37,430 British pounds per year in 2024. Annual earnings varied significantly by region, ranging from 47,455 pounds in London to 32,960 pounds in the North East. Along with London, two other areas of the UK had median annual earnings above the UK average; South East England, and Scotland, at 39,038 pounds and 38,315 pounds respectively. Regional Inequality in the UK Various other indicators highlight the degree of regional inequality in the UK, especially between London and the rest of the country. Productivity in London, as measured by output per hour, was 26.2 percent higher than the UK average. By comparison, every other UK region, except the South East, fell below the UK average for productivity. In gross domestic product per head, London was also an outlier. The average GDP per head in the UK was just over 37,000 pounds in 2023, but for London it was almost 64,000 pounds. Again, the South East's GDP per head was slightly above the UK average, with every other region below it. Within London itself, there is also a great degree of inequality. In 2023, for example, the average earnings in Kensington and Chelsea were 964 pounds per week, compared with 675 pounds in Barking and Dagenham. Wages continue to grow in 2025 In March 2025, weekly wages in the UK were growing by around 5.6 percent, or 1.8 percent when adjusted for inflation. For almost two years, wages have grown faster than inflation after a long period where prices were rising faster than wages between 2021 and 2023. This was due to a sustained period of high inflation in the UK, which peaked in October 2022 at 11.1 percent. Although inflation started to slow the following month, it wasn't until June 2023 that wages started to outpace inflation. By this point, the damage caused by high energy and food inflation had led to the the worst Cost of Living Crisis in the UK for a generation.

United Kingdom Weekly Household Exp: Avg: OE: HM: Council Tax & Domestic Rates data was reported at 21.000 GBP in 2016. This stayed constant from the previous number of 21.000 GBP for 2015. United Kingdom Weekly Household Exp: Avg: OE: HM: Council Tax & Domestic Rates data is updated yearly, averaging 19.700 GBP from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 21.000 GBP in 2016 and a record low of 17.200 GBP in 2006. United Kingdom Weekly Household Exp: Avg: OE: HM: Council Tax & Domestic Rates data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s UK – Table UK.H023: Average Weekly Household Expenditure.

Key information about European Union Tax Revenue

• EU Tax Revenue was reported at 4,799.122 USD bn in Dec 2023.
• This records an increase from the previous figure of 4,497.954 USD bn for Dec 2022.
• EU Tax Revenue data is updated yearly, averaging 3,811.308 USD bn from Dec 1999 to 2023, with 25 observations.
• The data reached an all-time high of 4,799.122 USD bn in 2023 and a record low of 1,880.685 USD bn in 2001.
• EU Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Annual.

CEIC calculates annual Tax Revenue as the sum of Production and Import Tax and Current Taxes on Income Wealth and Etc and converts it into USD. Eurostat provides Tax Revenue in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.