In 2022/23, income tax accounted for 9.8 percent of gross domestic product in the United Kingdom, the largest tax as a share of GDP in this financial year. Throughout this time period, income tax has accounted for the highest share of GDP among UK taxes, followed by VAT and National Insurance Tax being the second-largest tax, depending on the relevant year.
Main public sector current receipts as a share of gross domestic product in the United Kingdom from 2000/01 to 2022/23
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Office for Budget Responsibility. (July 20, 2023). Main public sector current receipts as a share of gross domestic product in the United Kingdom from 2000/01 to 2022/23 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1404839/uk-taxes-as-a-share-of-gdp/
Office for Budget Responsibility. "Main public sector current receipts as a share of gross domestic product in the United Kingdom from 2000/01 to 2022/23." Chart. July 20, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1404839/uk-taxes-as-a-share-of-gdp/
Office for Budget Responsibility. (2023). Main public sector current receipts as a share of gross domestic product in the United Kingdom from 2000/01 to 2022/23. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1404839/uk-taxes-as-a-share-of-gdp/
Office for Budget Responsibility. "Main Public Sector Current Receipts as a Share of Gross Domestic Product in The United Kingdom from 2000/01 to 2022/23." Statista, Statista Inc., 20 Jul 2023, https://www.statista.com/statistics/1404839/uk-taxes-as-a-share-of-gdp/
Office for Budget Responsibility, Main public sector current receipts as a share of gross domestic product in the United Kingdom from 2000/01 to 2022/23 Statista, https://www.statista.com/statistics/1404839/uk-taxes-as-a-share-of-gdp/ (last visited December 30, 2024)
Main public sector current receipts as a share of gross domestic product in the United Kingdom from 2000/01 to 2022/23 [Graph], Office for Budget Responsibility, July 20, 2023. [Online]. Available: https://www.statista.com/statistics/1404839/uk-taxes-as-a-share-of-gdp/
