Paying taxes: Profit tax in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Paying taxes: Profit tax was 16.6% in 2019. ▼ Falling
Paying taxes: Profit tax in United Kingdom of Great Britain and Northern Ireland, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: profit tax in United Kingdom of Great Britain and Northern Ireland stood at 16.6%. That is the lowest value across all 15 years on record.
That represents a change of down 4.0% on the previous year and down 25.6% over ten years.
Over the whole period, paying taxes: profit tax in United Kingdom of Great Britain and Northern Ireland peaked at 23.6% in 2010 and was at its lowest, 16.6%, in 2019.
That places United Kingdom of Great Britain and Northern Ireland 91st out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 21.8% | — |
| 2006 | 21.8% | +0.0% |
| 2007 | 21.8% | +0.0% |
| 2008 | 21.5% | -1.4% |
| 2009 | 22.3% | +3.7% |
| 2010 | 23.6% | +5.8% |
| 2011 | 23.6% | +0.0% |
| 2012 | 22.4% | -5.1% |
| 2013 | 21.7% | -3.1% |
| 2014 | 20.6% | -5.1% |
| 2015 | 19.2% | -6.8% |
| 2016 | 18.3% | -4.7% |
| 2017 | 18.1% | -1.1% |
| 2018 | 17.3% | -4.4% |
| 2019 | 16.6% | -4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.8% | 21.5% | 22.3% | 5 |
| 2010s | 20.1% | 16.6% | 23.6% | 10 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
- 88 Austria 17.1% compare
- 88 Denmark 17.1% compare
- 90 Namibia 16.7% compare
- 91 El Salvador 16.6% compare
- 91 Madagascar 16.6% compare
- 94 Hong Kong, China 16.5% compare
More reference data data for United Kingdom of Great Britain and Northern Ireland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 3.13 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 3.97 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 13.26 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.01 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 13.26 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 10.5 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 6.51 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 15.81 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 59.34 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 5.48 (2050)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is paying taxes: profit tax in United Kingdom of Great Britain and Northern Ireland?
- Paying taxes: profit tax in United Kingdom of Great Britain and Northern Ireland was 16.6% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 23.6% in 2010.
- What is the lowest paying taxes: profit tax recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 16.6% in 2019.
- How does United Kingdom of Great Britain and Northern Ireland rank for paying taxes: profit tax?
- United Kingdom of Great Britain and Northern Ireland ranks 91st out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is down 25.6%. The long-run trend across the full record is falling.
- Where does this United Kingdom of Great Britain and Northern Ireland data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.