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.

In 2024/25, income tax receipts in the United Kingdom amounted to 301 billion British pounds, compared with 275 billion in the previous year. Although the value of income tax receipts has grown quite consistently throughout this period, there is a sharp increase observable from 2021/22 onwards. The period of high inflation from 2021 onwards led to faster wage growth, which pushed many UK workers into higher tax bands, resulting in the increased income tax revenue. Income tax brackets The amount which workers in the United Kingdom pay in income tax is determined by how much they earn, placing them in different income tax bands. All workers in the United Kingdom are entitled to earn a personal allowance of 12,750 pounds before they are charged income tax. The Basic rate of 20 percent applies to income between 12,750 and 50,270 pounds, with a higher rate of 40 percent charged on incomes between 50,271 and 125,140 pounds. The highest tax band stands at 45 percent, for earnings over 125,140 pounds. Main UK taxes Income tax is the largest source of UK government revenue, accounting for 11 percent of gross domestic product in 2025/26. Value Added Tax was the next largest source of UK government revenue, followed by National Insurance, and Corporation Tax. Value Added Tax or VAT is the largest indirect tax in the UK, and is raised via a 20 percent levy on most goods and services sold in the UK. National Insurance Contributions form an additional direct tax on earnings in the UK, while Corporation Tax taxes the profits of companies resident in the UK.

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.

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.

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.

This dataset provides values for CORPORATE TAX RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Sales Tax Rate in the United Kingdom stands at 20 percent. This dataset provides - United Kingdom Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about United Kingdom Tax Revenue

• UK Tax Revenue was reported at 293.401 USD bn in Sep 2025.
• This records an increase from the previous figure of 264.309 USD bn for Jun 2025.
• UK Tax Revenue data is updated quarterly, averaging 68.408 USD bn from Mar 1957 to Sep 2025, with 275 observations.
• The data reached an all-time high of 311.268 USD bn in Mar 2025 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.

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.

Time series data for the statistic Paying taxes: Total tax and contribution rate (% of profit) and country United Kingdom. Indicator Definition:The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.The indicator "Paying taxes: Total tax and contribution rate (% of profit)" stands at 30.60 as of 12/31/2019. Regarding the One-Year-Change of the series, the current value constitutes an increase of 2.00 percent compared to the value the year prior.The 1 year change in percent is 2.00.The 3 year change in percent is -0.9709.The 5 year change in percent is -8.66.The 10 year change in percent is -12.32.The Serie's long term average value is 33.51. It's latest available value, on 12/31/2019, is 8.69 percent lower, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2018, to it's latest available value, on 12/31/2019, is +2.00%.The Serie's change in percent from it's maximum value, on 12/31/2011, to it's latest available value, on 12/31/2019, is -15.47%.

In the United Kingdom, tax revenue as a share of GDP, sometimes called the national tax burden, was 34.7 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 small area model-based income estimates are the official estimates of average (mean) household income at the middle layer super output area (MSOA) level in England and Wales for 2011/12, 2013/14 and 2015/16. For 2015-16 the figures are average annual income. For 2013/14 and 2011/12 the figures are average weekly income. They are calculated using a model based method to produce the following four estimates of income using a combination of survey data from the Family Resources Survey, and previously published data from the 2011 Census and a number of administrative data sources. The four different measures of income are: Total household income Net household income Net household income (equivalised) before housing costs Net household income (equivalised) after housing costs Total annual household income is the sum of the gross income of every member of the household plus any income from benefits such as Working Families Tax Credit. Net annual household income is the sum of the net income of every member of the household. It is calculated using the same components as total income but income is net of: income tax payments; national insurance contributions; domestic rates/council tax; contributions to occupational pension schemes; all maintenance and child support payments, which are deducted from the income of the person making the payments; and parental contribution to students living away from home. Net annual household income before housing costs (equivalised) is composed of the same elements as net household weekly income but is subject to the OECD’s equivalisation scale. Net annual household income after housing costs (equivalised) is composed of the same elements of net household weekly income but is subject to the following deductions prior to the OECD’s equivalisation scale being applied: rent (gross of housing benefit); water rates, community water charges and council water charges; mortgage interest payments (net of any tax relief); structural insurance premiums (for owner occupiers); and ground rent and service charges. For detailed information on aspects of the quality and methodology behind these statistics, see the Technical Report. This dataset is included in the Greater London Authority's Night Time Observatory. Click here to find out more.