Taxes on income, profits and capital gains in United Kingdom
United Kingdom: Taxes on income, profits and capital gains was 40.6% in 2024. ▼ Falling
Taxes on income, profits and capital gains in United Kingdom, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on income, profits and capital gains in United Kingdom stood at 40.6%.
The figure is up 3.6% on the previous year and up 19.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in United Kingdom peaked at 44.4% in 1975 and was at its lowest, 32.4%, in 2010.
That places United Kingdom 13th out of 153 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 53 years of available data.
Taxes on income, profits and capital gains in United Kingdom, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 39.4% | — |
| 1973 | 41.1% | +4.4% |
| 1974 | 42.9% | +4.3% |
| 1975 | 44.4% | +3.5% |
| 1976 | 43.5% | -2.2% |
| 1977 | 42.0% | -3.4% |
| 1978 | 40.9% | -2.6% |
| 1979 | 39.1% | -4.5% |
| 1980 | 37.5% | -3.9% |
| 1981 | 38.9% | +3.8% |
| 1982 | 38.1% | -2.1% |
| 1983 | 38.6% | +1.3% |
| 1984 | 38.6% | -0.1% |
| 1985 | 39.3% | +1.9% |
| 1986 | 38.5% | -2.0% |
| 1987 | 39.0% | +1.4% |
| 1988 | 38.4% | -1.6% |
| 1989 | 40.4% | +5.2% |
| 1990 | 39.1% | -3.4% |
| 1991 | 37.6% | -3.8% |
| 1992 | 36.4% | -3.3% |
| 1993 | 35.4% | -2.8% |
| 1994 | 35.8% | +1.4% |
| 1995 | 36.6% | +2.2% |
| 1996 | 36.1% | -1.3% |
| 1997 | 36.6% | +1.4% |
| 1998 | 38.7% | +5.5% |
| 1999 | 38.3% | -0.9% |
| 2000 | 39.5% | +3.2% |
| 2001 | 39.0% | -1.2% |
| 2002 | 38.1% | -2.3% |
| 2003 | 37.5% | -1.8% |
| 2004 | 37.7% | +0.8% |
| 2005 | 38.8% | +2.7% |
| 2006 | 39.6% | +2.2% |
| 2007 | 39.6% | -0.0% |
| 2008 | 37.7% | -4.8% |
| 2009 | 38.5% | +1.9% |
| 2010 | 32.4% | -15.7% |
| 2011 | 36.6% | +13.0% |
| 2012 | 34.4% | -6.2% |
| 2013 | 33.8% | -1.6% |
| 2014 | 34.1% | +0.8% |
| 2015 | 34.1% | +0.1% |
| 2016 | 34.6% | +1.6% |
| 2017 | 34.6% | -0.2% |
| 2018 | 34.5% | -0.3% |
| 2019 | 33.9% | -1.5% |
| 2020 | 35.5% | +4.6% |
| 2021 | 37.2% | +4.8% |
| 2022 | 36.7% | -1.4% |
| 2023 | 39.2% | +6.7% |
| 2024 | 40.6% | +3.6% |
United Kingdom compared with similar countries
- United Kingdom's 40.6% is above the median for high income countries, which is 24.5%, 1.7× the median. (55 countries reporting)
- United Kingdom's 40.6% is above the median for Europe & Central Asia, which is 20.9%, 1.9× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 41.7% | 39.1% | 44.4% | 8 |
| 1980s | 38.7% | 37.5% | 40.4% | 10 |
| 1990s | 37.0% | 35.4% | 39.1% | 10 |
| 2000s | 38.6% | 37.5% | 39.6% | 10 |
| 2010s | 34.3% | 32.4% | 36.6% | 10 |
| 2020s | 37.8% | 35.5% | 40.6% | 5 |
Countries ranked near United Kingdom
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Frequently asked questions
- What is taxes on income, profits and capital gains in United Kingdom?
- Taxes on income, profits and capital gains in United Kingdom was 40.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in United Kingdom?
- The highest recorded value was 44.4% in 1975.
- What is the lowest taxes on income, profits and capital gains recorded in United Kingdom?
- The lowest recorded value was 32.4% in 2010.
- How does United Kingdom rank for taxes on income, profits and capital gains?
- United Kingdom ranks 13th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in United Kingdom?
- Over the last ten years it is up 19.1%. The long-run trend across the full record is falling.
- Where does this United Kingdom data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.