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.
Public sector current receipts as a share of gross domestic product in the United Kingdom in 2022/23
Characteristic
Receipts as a share of GDP
Income Tax
9.8%
VAT
7.4%
National Insurance
7%
Other
5.9%
Corporation Tax
3.1%
Custom and Execise Duties
2.3%
Business Rates
1%
Stamp Duties
0.8%
Capital Gains Tax
0.7%
Inheritance Tax
0.3%
Energy Profits Levy
0.2%
License Fee Receipts
0.1%
Created with Highcharts 7.2.2Receipts as a share of GDP9.8%9.8%7.4%7.4%7%7%5.9%5.9%3.1%3.1%2.3%2.3%1%1%0.8%0.8%0.7%0.7%0.3%0.3%0.2%0.2%0.1%0.1%Income TaxVATNational InsuranceOtherCorporation TaxCustom and Execise DutiesBusiness RatesStamp DutiesCapital Gains TaxInheritance TaxEnergy Profits LevyLicense Fee Receipts
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Office for Budget Responsibility. (July 20, 2023). Public sector current receipts as a share of gross domestic product in the United Kingdom in 2022/23 [Graph]. In Statista. Retrieved March 08, 2025, from https://www.statista.com/statistics/374977/uk-taxes-as-a-share-of-gdp/
Office for Budget Responsibility. "Public sector current receipts as a share of gross domestic product in the United Kingdom in 2022/23." Chart. July 20, 2023. Statista. Accessed March 08, 2025. https://www.statista.com/statistics/374977/uk-taxes-as-a-share-of-gdp/
Office for Budget Responsibility. (2023). Public sector current receipts as a share of gross domestic product in the United Kingdom in 2022/23. Statista. Statista Inc.. Accessed: March 08, 2025. https://www.statista.com/statistics/374977/uk-taxes-as-a-share-of-gdp/
Office for Budget Responsibility. "Public Sector Current Receipts as a Share of Gross Domestic Product in The United Kingdom in 2022/23." Statista, Statista Inc., 20 Jul 2023, https://www.statista.com/statistics/374977/uk-taxes-as-a-share-of-gdp/
Office for Budget Responsibility, Public sector current receipts as a share of gross domestic product in the United Kingdom in 2022/23 Statista, https://www.statista.com/statistics/374977/uk-taxes-as-a-share-of-gdp/ (last visited March 08, 2025)
Public sector current receipts as a share of gross domestic product in the United Kingdom in 2022/23 [Graph], Office for Budget Responsibility, July 20, 2023. [Online]. Available: https://www.statista.com/statistics/374977/uk-taxes-as-a-share-of-gdp/
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