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Date updated: 2/09/2021

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: 2/05/21

The thirteenth edition of our annual survey of the total tax contribution made by UK financial services finds that, despite the impact of the pandemic, financial services' contribution to public finances are proving resilient. The sector's tax contribution is not predicted to fall below the 2015 values of £71bn in the year to March 2021.

The total tax contribution of UK financial services 2019 PDF (2MB)
Date submitted: 1/06/20

The twelfth edition of our annual survey of the total tax contribution made by UK financial services finds that the sector contributed £75.5 billion in taxes in the year to March 2019

 

The total tax contribution of UK financial services 2019 infographic PDF (780KB)
Date submitted: 1/06/20

The twelfth edition of our annual survey of the total tax contribution made by UK financial services finds that the sector contributed £75.5 billion in taxes in the year to March 2019

The total tax contribution of UK financial services 2018 PDF (567KB)
Date submitted: 12/13/19

The eleventh edition of our annual survey of the total tax contribution made by UK financial services finds that the sector contributed £75 billion in taxes in the year to March 2018

The total tax contribution of UK financial services 2018 infographic PDF (263KB)
Date submitted: 12/13/19

The eleventh edition of our annual survey of the total tax contribution made by UK financial services finds that the sector contributed £75 billion in taxes in the year to March 2018

Total tax contribution of UK financial services report 2017 PDF (2MB)
Date submitted: 12/13/19

The tenth edition of our annual total tax report finds that the UK's financial services sector contributed £72.1 billion in taxes in the year to March 2017.

Total tax contribution of UK financial services 2017 infographic PDF (1MB)
Date submitted: 12/13/19

The tenth edition of our annual total tax report finds that the UK's financial services sector contributed £72.1 billion in taxes in the year to March 2017.