uk tax receipts

7/31/2019 UK tax receipts

1/10

Financial

year

Net taxes and

national

insurance

contributions

bn

% GDP

1964-65 12.3 36.2

1965-66 11.4 31.2

1966-67 12.3 31.8

1967-68 13.8 33.6

1968-69 15.6 35

1969-70 17.7 37

1970-71 19.3 36.3

1971-72 20.8 35

1972-73 22 32.6

1973-74 24 31.91974-75 31.1 34.5

1975-76 39.5 35.3

1976-77 46 35.1

1977-78 52 34.1

1978-79 57.8 33.1

1979-80 70.3 33.5

1980-81 84.9 35.5

1981-82 100 38

1982-83 109.7 38.2

1983-84 117.9 37.71984-85 128.6 38.2

1985-86 138.2 37.4

1986-87 146.8 37

1987-88 162.1 36.8

1988-89 176.8 36.1

1989-90 189.8 35.4

1990-91 201.2 34.9

1991-92 205.3 33.8

1992-93 205.4 32.7

1993-94 211.8 31.8

1994-95 232.2 33

1995-96 250 33.6

1996-97 269.4 34

1997-98 296 35.1

1998-99 316.5 35.5


2/10

1999-00 335.3 35.5

2000-01 359.3 36.3

2001-02 369.1 35.8

2002-03 375 34.3

2003-04 397 34.3

2004-05 427.1 35.2

2005-06 456.8 35.9

2006-07 486 36.1

2007-08 516 36.2

2008-09 508 35.5

2009-10 477.8 34

2010-11 528.9 35.9

2011-12 550.6 35.7

2012-13 569 35.5

2013-14 599 35.72014-15 633 35.9

2015-16 664 35.6

2016-17 704 35.7


3/10

C2: CURRENT

RECEIPTS (

billion)

billion

Outturn Forecast

2010-11 2011-12 2012-13

Income tax (gross of

tax credits)1 153.3 152.6 154.8

of which: Pay as you earn 130.1 131.7 132.6

Self assessment 22.1 20.1 22.3

Tax credits

(negative income

tax) -5.6 -4.7 -4.2

National insurance

contributions 97.7 102 105.6

Value added tax 86.3 98 102

Corporation tax2 43 43.4 44.8

of which: Onshore 35.7 34 36.8

Offshore 7.3 9.4 8

Corporation taxcredits3 -0.9 -0.9 -0.9

Petroleum revenue

tax 1.5 1.8 1.6

Fuel duties 27.3 26.9 27.3

Business rates 23.6 24.5 26.2

Council tax 25.7 26 26.3

VAT refunds 13.3 14.3 14.8

Capital gains tax 3.6 4.2 3.8

Inheritance tax 2.7 2.9 3

Stamp duty land tax 6 6.1 6.4

Stamp taxes on

shares 3 2.8 3

Tobacco duties 9.1 9.5 9.8Spirits duties 2.7 2.8 3

Wine duties 3.1 3.4 3.7

Beer and cider

duties 3.7 3.8 3.9

Air passenger duty 2.2 2.7 2.9

Insurance premium

tax 2.5 3 2.9

Climate Change

Levy 0.7 0.7 0.8

Other HMRC taxes4 5.9 6.1 6.2

Vehicle excise

duties 5.8 5.8 5.9Temporary bank

payroll tax 3.5 0 0

Bank levy 0 1.8 2.2

Licence fee receipts 3.1 3.1 3.1

Environmental

levies 0.5 1.7 2.3


4/10

EU ETS Auction

Receipts 0 0.3 0.7

Other taxes 5.9 6.1 7

National Accounts

taxes 528.9 550.6 568.8

Less own resources

contribution to EU

budget -5.3 -5.2 -5.3

Interest and

dividends 2.4 2.8 4.6

Gross operating

surplus 25.2 23.2 24.4

Other receipts -0.4 -0.9 -0.9

Current receipts 550.8 570.4 591.5

Memo:

UK oil and gas

revenues5 8.8 11.2 9.6

1 Income tax

includes PAYE andSelf Assessment

and also includes

tax on savings

income and other

minor components.

2 National Accounts

measure, gross of

enhanced and

payable tax credits

3 Includes

enhanced companytax credits

4 Consists of landfill

tax, aggregates

levy, betting and

gaming duties and

customs duties and

levies.

5 Consists of

offshore corporation

tax and petroleum

revenue tax.

Data sourced from

OBR's March 2012

Economic and

Fiscal Outlook


5/10

2013-14 2014-15 2015-16 2016-17

165 179.4 190.5 205.3

141.1 150 162.1 174.1

22.9 28.5 27.7 30.2

-4.2 -4.3 -4.2 -4.2

111.3 117.4 124.9 133

106.1 111.1 116.2 121.4

44.8 45.8 46.1 49.4

37.3 38.9 41.3 44.9

7.5 6.8 4.9 4.5

-1 -0.9 -0.8 -0.8

1.5 1.4 1.1 0.8

28.1 28.9 30.1 31.3

27.9 28.8 29.1 30.8

27.9 29 30.1 31.4

14.7 14.4 14 13.8

4.9 5.6 6.5 7.5

3.1 3.2 3.3 3.5

7.4 8.7 9.9 11.1

3.2 3.5 3.8 4.1

9.8 9.9 10.1 10.43.1 3.2 3.4 3.6

3.9 4.2 4.6 5

3.9 3.9 4 4.1

3 3.3 3.5 3.9

3 3.1 3.1 3.2

1.4 1.8 2 2.2

6.8 7.2 7.6 7.9

5.8 5.8 5.8 5.8

0 0 0 0

2.7 2.8 2.8 2.8

3.2 3.2 3.2 3.2

2.7 3.3 3.7 4.2


6/10

1.5 1.6 1.7 1.7

7.2 7.5 7.5 7.4

598.8 633 663.6 703.6

-5.7 -6 -6.2 -6.5

5 6.1 8.3 10.8

25.3 26.3 27.3 28.4

-0.9 -1 -1 -1

622.5 658.4 692 735.3

9 8.3 6 5.3


7/10

C2: CURRENT

RECEIPTS (

billion)

billion

Outturn Forecast

2010-11 2011-12 2012-13 2013-14

Income tax 153.3 152.6 154.8 165

National insurance

contributions 97.7 102 105.6 111.3

Value added tax 86.3 98 102 106.1

Corporation tax 43 43.4 44.8 44.8

Fuel duties 27.3 26.9 27.3 28.1

Business rates 23.6 24.5 26.2 27.9

Council tax 25.7 26 26.3 27.9


8/10

2014-15 2015-16 2016-17

179.4 190.5 205.3

117.4 124.9 133

111.1 116.2 121.4

45.8 46.1 49.4

28.9 30.1 31.3

28.8 29.1 30.8

29 30.1 31.4


9/10

Financialyear

%GDP

Annotatio

n

Net

taxes

and

nation

alinsura

nce

contri

bution

s bn

1964-65 36.2 12.3

1965-66 31.2 13.9

1966-67 31.8 15

1967-68 33.6 16.61968-69 35 19

1969-70 37 21.2

1970-71 36.3 23

1971-72 35 24.6

1972-73 32.6 26.3

1973-74 31.9 29.7

1974-75 34.5 37.9

1975-76 35.3 47.9

1976-77 35.1 56.4

1977-78 34.1 631978-79 33.1 69.8

1979-80 33.5Thatcher

elected 85

1980-81 35.5 100.9

1981-82 38 119.6

1982-83 38.2 129.8

1983-84 37.7 138

1984-85 38.2 147.2

1985-86 37.4 157.2

1986-87 37 164.41987-88 36.8 178.8

1988-89 36.1 197.1

1989-90 35.4 211.3

1990-91 34.9 221.7

1991-92 33.8 231.7


10/10

1992-93 32.7 227.6

1993-94 31.8 235.2

1994-95 33 255.9

1995-96 33.6 276.6

1996-97 34 288.7

1997-98 35.1Blair

elected 316.2

1998-99 35.5 335.3

1999-00 35.5 358.5

2000-01 36.3 382.3

2001-02 35.8 389.4

2002-03 34.3 396

2003-04 34.3 422.4

2004-05 35.2 452.6

2005-06 35.9 486.6

2006-07 36.1 519.22007-08 36.2 548.9

2008-09 35.5Recession

hit 533.3

2009-10 34 513.3

2010-11 35.9Cameron

elected 551.7

2011-12 35.7 575.5

2012-13 35.5 594

2013-14 35.7 624

2014-15 35.9 657

2015-16 35.6 694

2016-17 35.7 735

uk tax receipts

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