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.

In 2023/24 income from corporation tax in the United Kingdom was 90.8 billion British pounds, with income from this tax expected to rise to 95.6 billion pounds for the 2024/25 financial year.

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.

In 2024/25 corporation tax receipts in the United Kingdom amounted to approximately 91.6 billion British pounds, compared with 80.3 billion in the previous year.

In 2023/24, the value of the tax gap in the United Kingdom was estimated to be around 46.8 billion British pounds, compared with 46.4 billion pounds in the previous year.

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.

Portugal had the highest combined corporate income tax rate in 2023, reaching 31.5 percent, and was followed by Germany with a rate of 29.94 percent. On the other hand, Hungary had the lowest combined corporate income tax rate, reaching just nine percent in 2023.

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.

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 CBT database builds on an existing database which has been created in 2006 as a multi-country database and developed over the years by various Research Fellows at the Centre, and earlier at the Institute for Fiscal Studies. The original version uses various sources such as OECD Tax Database, IBFD (International Bureau of Fiscal Documentation), World Tax Database from the University of Michigan, KPMG and E&Y and covered mainly OECD countries. The data currently in the database comes from various sources, mainly from: • The Worldwide Corporate Tax Guide published by E&Y; years available: 2002-2017 • data for 2011 - 2017 comes mainly from the online IBFD Tax Research Platform where they provide very detailed Country Surveys • G20 countries data has been updated to be consistent with IBFD "Global corporate tax handbook" (years 2007 - 2010) and "European tax handbook" (years 1990 - 2010) • ZEW Intermediate Report 2011, “Effective Tax levels using Devereux/Griffith methodology” • Deloitte Tax Highlights and International Tax and Business Guide; years available: 2009, 2010 • KPMG Tax Rate Survey; years available: 1998 - 2009 • PKF Worldwide Tax Guide; years available: 2007 - 2009

United Kingdom UK: Time to Prepare and Pay Taxes data was reported at 110.000 Hour in 2017. This stayed constant from the previous number of 110.000 Hour for 2016. United Kingdom UK: Time to Prepare and Pay Taxes data is updated yearly, averaging 110.000 Hour from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 110.000 Hour in 2017 and a record low of 105.000 Hour in 2008. United Kingdom UK: Time to Prepare and Pay Taxes 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. Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

Data on the effects of taxes and benefits on household income publication from 2001, including average incomes, taxes and benefits and household characteristics of all, retired and non-retired individuals and households in the UK by quintile and decile groups.

Comprehensive dataset of 35 Taxes in United Kingdom as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Provides receipts information for UK oil and gas production, covering all historical duties levied on companies participating in this ring fence regime, including ring fence Corporation Tax (RFCT), supplementary charge (SC), Petroleum Revenue Tax (PRT) and royalties. Previously listed under 'Revenue-based Taxes and Benefits: Corporate Tax'.

Source agency: HM Revenue and Customs

Designation: National Statistics

Language: English

Alternative title: Government Revenue from UK Oil and Gas Production

United Kingdom UK: Profit Tax: % of Commercial Profits data was reported at 18.100 % in 2017. This records a decrease from the previous number of 18.300 % for 2016. United Kingdom UK: Profit Tax: % of Commercial Profits data is updated yearly, averaging 21.800 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 23.600 % in 2011 and a record low of 18.100 % in 2017. United Kingdom UK: Profit Tax: % of Commercial Profits 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: Business Environment. Profit tax is the amount of taxes on profits paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

In 2025/26, income tax is expected to account for eleven percent of gross domestic product in the United Kingdom, the largest tax as a share of GDP in this financial year.

Provides breakdowns of the corporation liability by number, income, allowances, deductions, company sector and financial year for the UK. Previously listed under 'Revenue-based Taxes and Benefits: Corporate Tax'.

Source agency: HM Revenue and Customs

Designation: National Statistics

Language: English

Alternative title: Corporation Tax Liabilities