United Kingdom | Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source
United Kingdom | Taxes on income, profits and capital gains (% of revenue)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 39.39692828
1973 41.12206086
1974 42.91054921
1975 44.41964286
1976 43.45265066
1977 41.99453606
1978 40.91743786
1979 39.06196561
1980 37.5229156
1981 38.93261164
1982 38.09798646
1983 38.59304018
1984 38.57330048
1985 39.29045439
1986 38.48926769
1987 39.03871045
1988 38.42315847
1989 40.4243964
1990 39.05027133
1991 37.58133448
1992 36.35215095
1993 35.35200467
1994 35.8342113
1995 36.60687467
1996 36.11619205
1997 36.87272827
1998 38.85394939
1999 38.40956326
2000 39.521258
2001 38.99239422
2002 38.09016543
2003 37.44134067
2004 37.76143037
2005 38.78727317
2006 39.67165842
2007 39.66006698
2008 37.79735731
2009 38.50006134
2010 32.45506061
2011 36.72735709
2012 34.46711664
2013 33.86886366
2014 34.13292847
2015 34.13996787
2016 34.66800537
2017 34.58524864
2018 34.509717
2019 33.96344523
2020 35.67069996
2021 37.18984826
2022

United Kingdom | Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source