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Date updated: 18/05/2022

The thirteenth edition of our annual survey of the total tax contribution made by UK financial services finds that the finance sector’s firms, employees and customers contributed £75.6bn to public finances in tax, in the year to March 2020. Despite turbulence, the sector is set to contribute a stable amount in the current financial year.

Prepared for the City of London Corporation by PwC, the report underlines the importance of the sector as an asset to the UK economy, employing 3% of the workforce (1.1m workers) and 10% of taxes.

For older reports, please get in touch. 

 

The total tax contribution of UK financial services 2020 PDF (600KB)
Date submitted: 5/02/21
The total tax contribution of UK financial services 2019 PDF (2MB)
Date submitted: 6/01/20
The total tax contribution of UK financial services 2019 infographic PDF (780KB)
Date submitted: 6/01/20
The total tax contribution of UK financial services 2018 PDF (567KB)
Date submitted: 13/12/19
The total tax contribution of UK financial services 2018 infographic PDF (263KB)
Date submitted: 13/12/19
Total tax contribution of UK financial services report 2017 PDF (2MB)
Date submitted: 13/12/19
Total tax contribution of UK fin. services 2017 infographic PDF (1MB)
Date submitted: 13/12/19