Taxes on income, profits and capital gains in United Kingdom
United Kingdom: Taxes on income, profits and capital gains was 52.6% 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 total taxes.
Analysis
In 2024, taxes on income, profits and capital gains in United Kingdom stood at 52.6%.
The figure is up 2.3% on the previous year and up 16.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in United Kingdom peaked at 63.0% in 1975 and was at its lowest, 45.1%, in 2014.
United Kingdom ranks 27th of 153 countries on this measure, in the top quarter.
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 total taxes | Change |
|---|---|---|
| 1972 | 53.5% | — |
| 1973 | 57.4% | +7.3% |
| 1974 | 60.3% | +5.0% |
| 1975 | 63.0% | +4.6% |
| 1976 | 62.3% | -1.3% |
| 1977 | 59.9% | -3.8% |
| 1978 | 58.0% | -3.1% |
| 1979 | 55.3% | -4.6% |
| 1980 | 52.9% | -4.4% |
| 1981 | 54.2% | +2.5% |
| 1982 | 53.7% | -1.1% |
| 1983 | 55.0% | +2.4% |
| 1984 | 54.4% | -0.9% |
| 1985 | 55.0% | +1.0% |
| 1986 | 53.6% | -2.5% |
| 1987 | 55.4% | +3.3% |
| 1988 | 54.5% | -1.6% |
| 1989 | 56.4% | +3.4% |
| 1990 | 53.2% | -5.7% |
| 1991 | 51.0% | -4.1% |
| 1992 | 49.0% | -3.9% |
| 1993 | 47.6% | -2.8% |
| 1994 | 47.9% | +0.7% |
| 1995 | 48.0% | +0.2% |
| 1996 | 47.3% | -1.5% |
| 1997 | 47.6% | +0.6% |
| 1998 | 49.5% | +4.0% |
| 1999 | 48.7% | -1.5% |
| 2000 | 50.0% | +2.6% |
| 2001 | 49.6% | -0.8% |
| 2002 | 48.3% | -2.6% |
| 2003 | 47.9% | -0.8% |
| 2004 | 49.0% | +2.2% |
| 2005 | 51.2% | +4.5% |
| 2006 | 51.4% | +0.5% |
| 2007 | 51.5% | +0.1% |
| 2008 | 49.1% | -4.6% |
| 2009 | 51.1% | +4.1% |
| 2010 | 49.1% | -4.0% |
| 2011 | 47.5% | -3.2% |
| 2012 | 46.1% | -3.0% |
| 2013 | 45.4% | -1.5% |
| 2014 | 45.1% | -0.7% |
| 2015 | 45.1% | +0.1% |
| 2016 | 45.8% | +1.4% |
| 2017 | 46.0% | +0.4% |
| 2018 | 45.9% | -0.2% |
| 2019 | 45.4% | -1.1% |
| 2020 | 48.4% | +6.6% |
| 2021 | 49.5% | +2.4% |
| 2022 | 49.5% | -0.0% |
| 2023 | 51.5% | +3.9% |
| 2024 | 52.6% | +2.3% |
United Kingdom compared with similar countries
- United Kingdom's 52.6% is above the median for high income countries, which is 43.9%, 1.2× the median. (55 countries reporting)
- United Kingdom's 52.6% is above the median for Europe & Central Asia, which is 39.4%, 1.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 58.7% | 53.5% | 63.0% | 8 |
| 1980s | 54.5% | 52.9% | 56.4% | 10 |
| 1990s | 49.0% | 47.3% | 53.2% | 10 |
| 2000s | 49.9% | 47.9% | 51.5% | 10 |
| 2010s | 46.1% | 45.1% | 49.1% | 10 |
| 2020s | 50.3% | 48.4% | 52.6% | 5 |
Countries ranked near United Kingdom
More public sector data for 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 52.6% 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 63.0% in 1975.
- What is the lowest taxes on income, profits and capital gains recorded in United Kingdom?
- The lowest recorded value was 45.1% in 2014.
- How does United Kingdom rank for taxes on income, profits and capital gains?
- United Kingdom ranks 27th 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 16.8%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.