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

Taxes on income, profits and capital gains (% of revenue) in United Kingdom was 32.79 as of 2019. Its highest value over the past 47 years was 44.42 in 1975, while its lowest value was 32.63 in 2013.

Definition: 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.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 39.40
1973 41.12
1974 42.91
1975 44.42
1976 43.45
1977 41.99
1978 40.92
1979 39.06
1980 37.52
1981 38.93
1982 38.10
1983 38.59
1984 38.57
1985 39.29
1986 38.49
1987 39.04
1988 38.42
1989 40.42
1990 39.05
1991 37.58
1992 36.35
1993 35.35
1994 35.83
1995 36.10
1996 35.62
1997 36.22
1998 38.17
1999 37.67
2000 38.71
2001 38.26
2002 37.11
2003 36.22
2004 36.52
2005 37.46
2006 38.35
2007 38.34
2008 36.55
2009 37.01
2010 36.22
2011 35.41
2012 33.22
2013 32.63
2014 32.80
2015 32.78
2016 33.36
2017 33.29
2018 33.22
2019 32.79

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.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance