The amount of tax paid by UK businesses in the past year has gone up by £8 billion.

The CBI has analysed data published by the Office for National Statistics (ONS) and has found that businesses paid £196 billion in taxes in 2018/19, up from £188 billion last year.

The total business tax contribution amounts to 27% of all UK tax revenue. This comes from a number of different business taxes, including:

  • £60bn of corporation tax revenues (accounting for 31% of total tax revenue from businesses);
  • £63bn of employer’s national insurance contributions (NICs), worth 32% of all business taxes;
  • £28bn of business rates (14%);
  • £12bn of fuel duties (6%);
  • £33bn of other business taxes (17%).

 

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