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.

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.

For the 2025/26 financial year, the main National Insurance contribution rate paid by employees from their earnings in the United Kingdom is eight percent, down from the previous rate of ten percent in 2023/24. National Insurance contributions are one of the main revenue sources of the UK government, amounting to approximately 172 billion pounds in 2023/24.

In 2022/23 the value of tax receipts for the United Kingdom amounted to approximately 827.74 billion British pounds. This represented a net increase of over 512.1 billion pounds when compared with 2000/01. Since that year, the total value of tax receipts showed year-on-year increases in most years, except for 2008/09, 2009/10, and 2020/21 when the value declined. Tax receipts form the bulk of UK government income, based on various direct and indirect taxes. Tax revenue sources Of the revenue generation by taxation in 2023/24, over 273.27 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 177.74 billion pounds of tax revenue in 2023/24. The UK's main goods and services tax; Value-added Tax (VAT) amounted to 169 billion pounds, while Corporation Tax receipts added up to around 88 billion pounds. Although other smaller direct and indirect taxes produce notable income, these four sources were by far the main sources in the 2023/24 financial year. UK government finances While taxes and other sources of income raised more than one trillion pounds in 2023/24, the UK government expenditure was around 1.1 trillion pounds. This gap between revenue and expenditure was financed via government borrowing, which amounted to 107 billion pounds in 2023/24. As the UK government has been spending more than it earns for several years, this has resulted in significant government debt building up, expected to be the equivalent of 103.1 percent of GDP in 2023/24.

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.

In 2023, households in the top decile in the United Kingdom paid, on average, 49,392 British pounds in income tax, compared with the lowest income decile which paid around 1,907 pounds per 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.

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 2022/23 corporation tax receipts in the United Kingdom amounted to approximately 88.3 billion British pounds, compared with 80.3 billion in the previous year. The vast majority of this income came from onshore corporation tax receipts, which amounted to over 83.9 billion pounds, with offshore corporation tax contributing almost three billion pounds, and the banks surcharge around 1.45 billion pounds.

Average annual incomes, taxes and benefits, and household characteristics of retired and non-retired households in the UK. Data for financial years, by quintile and decile groups, country and region and tenure type.

Tax Revenue in the United Kingdom decreased to 67170 GBP Million in February from 95976 GBP Million in January of 2025. This dataset includes a chart with historical data for the United Kingdom Tax Revenue.

The Social Security Rate For Employees in the United Kingdom stands at 10 percent. This dataset provides - United Kingdom Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about UK Tax revenue: % of GDP

• United Kingdom Tax revenue: % of GDP was reported at 27.3 % in Dec 2024.
• This records a decrease from the previous number of 28.4 % for Sep 2024.
• UK Tax revenue: % of GDP data is updated quarterly, averaging 25.7 % from Mar 1955 to Dec 2024, with 280 observations.
• The data reached an all-time high of 44.2 % in Mar 1955 and a record low of 19.9 % in Jun 1960.
• UK Tax revenue: % of GDP 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: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from quarterly Tax Revenue and quarterly Nominal GDP. Tax Revenue is calculated as the sum of Taxes on Income and Wealth, Taxes on Production, Other Current Taxes and Taxes on Capital. Office for National Statistics provides Tax Revenue in local currency and Nominal GDP in local currency.