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.

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.

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.

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 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 was forecast to continuously decrease between 2024 and 2029 by in total *** percentage points. According to this forecast, in 2029, the corporate tax rate will have decreased for the sixth consecutive year to **** percent. Depicted is the corporate tax rate in the country or region at hand. The shown rate refers to the nominal top marginal tax rate. The actual rate usually varies considerably by company.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

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.

The Withholding Tax Rate in the United Kingdom stands at 20 percent. This dataset includes a chart with historical data for the United Kingdom Withholding Tax Rate.

Time series data for the statistic Paying taxes: Time to comply with corporate income tax correction (hours) (DB17-20 methodology) and country United Kingdom. Indicator Definition:The time to comply with a corporate income tax correction measures the time spent preparing and submitting the correction, and the time spent preparing information for the tax officers, if, in 25% or more of cases, a company that voluntarily reports an error in its CIT return and an underpayment of the tax due would be selected for additional review. The component indicator is computed based on the methodology in the DB17-20 studies.

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.

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%.

Time series data for the statistic Paying taxes: Time (hours per year) and country United Kingdom. Indicator Definition:The time to comply with tax laws measures the time taken to prepare, ?le and pay three major types of taxes and contributions: the corporate income tax, value added or sales tax and labor taxes, including payroll taxes and social contributions.

In 2024/25 the value of tax receipts for the United Kingdom amounted to approximately 840 billion British pounds. Tax receipts form the bulk of UK government income, based on various direct and indirect taxes. Although tax income has gradually increased throughout most of this period, there is a noticeable dip in 2020 due to the COVID-19 pandemic. Tax revenue sources Of the revenue generated by taxation in 2024/25, over 301 billion of this came from Income Tax receipts, which was the main source of direct tax income for the government. After income tax, the next most substantial direct tax were contributions from National Insurance, which amounted to just over 172.5 billion pounds of tax revenue. The UK's main goods and services tax; Value-added Tax (VAT) amounted to 170.6 billion pounds, while Corporation Tax receipts raised 91.6 billion pounds. Although other smaller direct and indirect taxes produce notable income, these four sources were by far the main sources of income in the previous financial year. UK government finances While taxes and other sources of income raised more than 1.13 trillion pounds in 2024/25, the UK government expenditure was around 1.28 trillion pounds. This gap between revenue and expenditure was financed via government borrowing, which amounted to almost 152 billion pounds. As the UK government has been spending more than it earns for several years, this has resulted in a significant government debt of 2.8 trillion pounds building up, the equivalent of just under 96 percent of GDP in 2024/25.

Comprehensive dataset containing 34 verified Tax businesses in United Kingdom with complete contact information, ratings, reviews, and location data.

United Kingdom UK: Labour Tax and Contributions: % of Commercial Profits data was reported at 10.900 % in 2017. This stayed constant from the previous number of 10.900 % for 2016. United Kingdom UK: Labour Tax and Contributions: % of Commercial Profits data is updated yearly, averaging 11.200 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 11.400 % in 2013 and a record low of 0.000 % in 2009. United Kingdom UK: Labour Tax and Contributions: % 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. Labor tax and contributions is the amount of taxes and mandatory contributions on labor 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.