In 2025/26, the government of the United Kingdom is expected to receive 1.2 trillion British pounds of public sector current receipts, with 329 billion British pounds coming from income tax, as well as 214 billion pounds from VAT. Other substantial sources of income include Corporation Tax, predicted to raise 105 billion pounds, and Council Tax, which will raise around 50 billion pounds. Government revenue falls short of spending Overall government revenue in 2023/24 amounted to approximately 1.13 trillion pounds, but with the government spending around 1.28 trillion pounds, the UK borrowed almost 152 billion pounds to cover its costs. As a consequence, the UK's national debt increased from 2.69 trillion pounds in 2022/23, to 2.81 trillion pounds in 2023/24, almost 100 per cent of GDP. Financing this debt is becoming increasingly burdensome for UK government finances, with the UK spending more on debt interest than on defence, transport, and public order and safety. Impact of COVID-19 on revenue sources Income received from some of the UK's typical revenue sources were severely depleted at the height of the COVID-19 pandemic. In 2018/19, for example, VAT raised around 132.5 billion pounds, with receipts falling to 129.9 billion pounds in 2019/20, and just 101.7 billion pounds in 2020/21. Corporation Tax, fell from 61.6 billion pounds in 2019/20, to 50.5 billion pounds in 2020/21, while revenue from Air Passenger Duties declined from 3.64 billion pounds in 2019/20, to just 590 million pounds in 2020/21, and just over one billion pounds in 2021/22.

The United Kingdom's government revenue was just over 1.13 trillion British pounds in 2024/25, compared with just under 1.1 trillion in 2023/24.

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.

Public sector revenue for each country and region of the UK.

Tax Revenue in the United Kingdom increased to 63640 GBP Million in October from 63415 GBP Million in September of 2025. This dataset includes a chart with historical data for the United Kingdom Tax Revenue.

In 2024/25 the government of the United Kingdom's revenue was the equivalent of approximately 39.9 percent of GDP, compared with 39.3 percent in the previous financial year.

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

A breakdown of UK public sector income by latest month, financial year-to-date and full financial year, with comparisons with the same period in the previous financial year.

This statistic shows the government revenue and spending in the United Kingdom from 2020 to 2024, with projections up until 2030. In 2024, the government revenue in the United Kingdom amounted to around 1,091.68 billion pounds, while government spending came to around 1,255.57 billion pounds.

United Kingdom UK: Expenditure: Interest Payments: % of Expenditure data was reported at 6.473 % in 2016. This records an increase from the previous number of 5.973 % for 2015. United Kingdom UK: Expenditure: Interest Payments: % of Expenditure data is updated yearly, averaging 8.627 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 11.441 % in 1987 and a record low of 4.333 % in 2009. United Kingdom UK: Expenditure: Interest Payments: % of Expenditure 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: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

UK: Revenue Excluding Grants: % of GDP data was reported at 35.399 % in 2016. This records an increase from the previous number of 34.898 % for 2015. UK: Revenue Excluding Grants: % of GDP data is updated yearly, averaging 33.837 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 35.982 % in 2008 and a record low of 29.428 % in 1973. UK: Revenue Excluding Grants: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Government Revenue, Expenditure and Finance. Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted Average;

United Kingdom UK: Revenue and Grants: Revenue: Tax Revenue data was reported at 502,551.000 GBP mn in 2016. This records an increase from the previous number of 475,201.000 GBP mn for 2015. United Kingdom UK: Revenue and Grants: Revenue: Tax Revenue data is updated yearly, averaging 177,335.000 GBP mn from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 502,551.000 GBP mn in 2016 and a record low of 15,665.000 GBP mn in 1972. United Kingdom UK: Revenue and Grants: Revenue: Tax Revenue 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: Government Revenue, Expenditure and Finance. Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Government Revenues in the United Kingdom increased to 95548 GBP Million in October from 95106 GBP Million in September of 2025. This dataset provides - United Kingdom Government Revenues- 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.

Question 1.2.4c: Is the most recent publicly available data on tax and payment receipts disaggregated by payment type?, 2.1.4d: For the most recently completed fiscal year, did the government publicly disclose the total resource revenue received?

United Kingdom UK: Revenue and Grants: Revenue: Other Taxes data was reported at 37,089.000 GBP mn in 2016. This records an increase from the previous number of 36,222.000 GBP mn for 2015. United Kingdom UK: Revenue and Grants: Revenue: Other Taxes data is updated yearly, averaging 14,670.000 GBP mn from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 47,722.000 GBP mn in 2008 and a record low of 362.000 GBP mn in 1975. United Kingdom UK: Revenue and Grants: Revenue: Other Taxes data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Government Revenue, Expenditure and Finance. Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;