PWC / City of london : The Total Tax Contribution of UK Financial Services - 16/12/2011
19/12/2011 PWC/City of LondonThis is the fourth Total Tax Contribution study for the City of
London Corporation. It looks at UK tax payments by financial
services (FS) companies in their accounts year ended in the tax
year to 31 March 2011 (2011). We estimate that for 2011 the
financial services sector as a whole had taxes borne of £27.6
billion (bn) and also collected total taxes of £35.4bn. Adding
together these figures gives a Total Tax
Contribution of £63.0bn from the sector, which is 12.1% of total government receipts from all taxes
Report
Contribution of £63.0bn from the sector, which is 12.1% of total government receipts from all taxes
Report