Revenue Statistics 2019 - the United Kingdom

Revenue Statistics 2021 - the United Kingdom

Tax-to-GDP ratio

Tax-to-GDP ratio over time

The OECD's annual Revenue Statistics report found that the tax-to-GDP ratio in the United Kingdom did not change between 2019 and 2020, remaining at 32.8%. Between 2019 and 2020 the OECD average slightly increased from 33.4% to 33.5%. Since the year 2000, the tax-to-GDP ratio in the United Kingdom has did not change from 32.8% to 32.8%. Over the same period, the OECD average in 2020 was slightly above that in 2000 (33.5% compared with 32.9%). During that period the highest tax-to-GDP ratio in the United Kingdom was 32.9% in 2007, 2011, 2017 and 2018, with the lowest being 31.0% in 2009.

Range OECD members

United Kingdom

OECD

55 %

50

45

40

35

33.5

30

32.8

25

20

15

10

5

0

Tax-to-GDP ratio compared to the OECD, 2020

The United Kingdom ranked 23rd out of 38 OECD countries in terms of the tax-to-GDP ratio in 2020. In 2020, the United Kingdom had a tax-to-GDP ratio of 32.8% compared with the OECD average of 33.5%. In 2019, the United Kingdom was also ranked 23rd out of the 38 OECD countries in terms of the tax-to-GDP ratio.

%#N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 50

45 46.5 45.4

40

43.1 42.9 42.6 42.1 41.9

35 30

39.7 38.8 38.6 38.3 38.3 36.9 36.6 36.1 36.0 35.7 34.8 34.8 34.5 34.4 34.4 33.5 32.8 32.2 31.9 31.4 31.2

29.7

25

28.0 27.7 27.6

25.5

20

23.9 22.9

15

20.2 19.3 18.7 17.9

10

5

0

* Australia and Japan are unable to provide provisional 2020 data, therefore their latest 2019 data are presented within this country note.

The differences between tax-to-GDP ratios shown may not sum correctly due to rounding In the OECD classification the term "taxes" is confined to compulsory unrequited payments to general government or to a supranational authority. Taxes are unrequited in the sense that benefits provided by government to taxpayers are not normally in proportion to their payments.

Tax structures

Tax structure compared to the OECD average, 2019

The structure of tax receipts in the United Kingdom compared with the OECD average is shown in the figure below.

United Kingdom

OECD average

%

28 23

26 20

21 20

10 7

12 6

1

12 13 1

Taxes on personal Taxes on corporate Social security income, profits and income and gains contributions

gains

Payroll taxes

Taxes on property Value Added Taxes/Goods and Services Tax

Taxes on goods and services (excluding VAT/GST)

Relative to the OECD average, the tax structure in the United Kingdom is characterised by:

Other

? Higher revenues from taxes on personal income, profits & gains; property taxes; and value-added taxes. A lower proportion of revenues from taxes on corporate income & gains; social security contributions; and goods &

? services taxes (excluding VAT/GST). ? No revenues from payroll taxes.

Tax structure

Taxes on income, profits and capital gains?

Tax Revenues in national currency Pound Sterling, millions

Tax structure in the United Kingdom

%

2018

2019

D

2018 2019

D

247 764

251 489

+ 3 725 35

35

-

Position in OECD?

2018 2019

D

15th 16th - 1

of which

Personal income, profits and gains

192 765

200 486

+ 7 721 27

28 + 1 11th 11th

-

Corporate income and gains

54 999

51 003

- 3 996 8

7

- 1 21st 21st

-

Social security contributions

135 225

143 255

+ 8 030 19

20 + 1 28th 28th

-

Payroll taxes

2 604

2 764

+ 160 -

-

-

15th 15th

-

Taxes on property

88 664

90 258

+ 1 594 13

12

- 1

1st

1st

-

Taxes on goods and services

230 107

237 849

+ 7 742 33

33

-

20th 18th + 2

of which VAT

149 104

154 754

+ 5 650 21

21

-

19th 17th + 2

Other

3 335

3 343

+8 -

-

-

20th 19th + 1

TOTAL

704 364

725 615

+ 21 251 100 100

-

-

-

-

Tax revenue includes net receipts for all levels of government; figures in the table may not sum to the total indicated due to rounding.

1. Includes income taxes not allocable to either personal or corporate income.

2. The country with the highest share being 1st and the country with the lowest share being 38th.

Source: OECD Revenue Statistics 2021

Contacts

David Bradbury

Centre for Tax Policy and Administration Head, Tax Policy and Statistics Division David.Bradbury@

Michelle Harding

Centre for Tax Policy and Administration Head, Tax Data & Statistical Analysis Unit Michelle.Harding@

Nicolas Miranda

Centre for Tax Policy and Administration Statistician, Tax Data & Statistical Analysis Unit Nicolas.Miranda@

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