Skip to main content
wheredoesthemoneygo.to
All taxes

Tax 4 of 8

Corporation Tax

Monthly

£7.3bn

Share of receipts

11.4%

Per household

£243

Per person

£107

Trend

+£2.7bn (59%) since 2019

Data sourcesHMRC — Tax receipts and National Insurance contributionsHMRC APIs (api.gov.uk)DBT — Business and trade statisticsDBT APIs (api.gov.uk)ONS — Public sector finances, UKONS Statistics API (api.gov.uk)
exact ONS/HMRC/MHCLG/PSS fields

What drives the total

  • Main rate at 25%

  • Full expensing

  • Energy levies

Around 1.5 million profitable companies, with the largest 1% paying the bulk of the total.

Inside the £7.3bn

Data sourcesHMRC — Tax receipts and National Insurance contributionsHMRC APIs (api.gov.uk)DBT — Business and trade statisticsDBT APIs (api.gov.uk)ONS — Public sector finances, UKONS Statistics API (api.gov.uk)
exact ONS/HMRC/MHCLG/PSS fields

Onshore corporation tax

£6.4bn

87.7% · £213/household

  • Trading profits
  • Bank surcharge

Offshore and energy levies

£0.6bn

8.2% · £20/household

  • Ring fence CT
  • Energy Profits Levy

Diverted profits and other

£0.3bn

4.1% · £10/household

  • Diverted Profits Tax
  • Digital Services Tax

The rate rise from 19% to 25% is the single biggest reason receipts grew after 2023.

Bank surcharge and the Energy Profits Levy sit on top of the headline rate.

Losses can be carried forward, so profitable years do not always translate into tax.

Sources

Financial year 2024/25.