RESEARCH REPORT
PUBLISHED DECEMBER 2013
Total Tax Contribution of UK Financial Services Sixth Edition The sixth edition of the Total Tax Contribution of
The report examines both the taxes levied
UK Financial Services examines the size of the
directly on companies, including corporation tax,
contribution made by the financial services industry
employment taxes, VAT and the bank levy, and the
to tax revenues in the UK over the tax year to March
taxes that companies administer such as employee
2013. The latest in an established series, the report
income tax and national insurance, to give a
highlights how the profile, amount and proportion of
complete picture of the contribution of the industry
the financial services tax take has changed during
to the UK Exchequer.
the years since 2007, and highlights the effect of the economic climate and changes in the tax system over the period since the annual study began.
Key findings overleaf >> Full report available online www.cityoflondon.gov.uk/researchpublications