Corporation tax receipts pass £100 billion

by Aitch, posted in Corporation Tax

HMRC’s latest Corporation Tax statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26.

The main statistics are as follows:

  • Total receipts from all corporate taxes were £100.4 billion in 2025-26, an increase of £3.5 billion (4%) compared with the previous year. The total includes Corporation Tax together with the Bank Levy, Bank Surcharge, Residential Property Developer Tax, Energy Profits Levy and Electricity Generator Levy.
  • Onshore Corporation Tax receipts were £92.9 billion, up £3.9 billion (4%), while offshore Corporation Tax receipts increased by £0.2 billion to £2.2 billion.
  • Financial and insurance activities were the largest contributor to Corporation Tax receipts, generating £25.3 billion, or 27% of the total. Wholesale and retail trade contributed £9.5 billion and professional, scientific and technical activities £8.6 billion.
  • Corporation Tax liabilities increased by £4.5 billion (5%) to £87.9 billion in 2024-25. HMRC says the increase was mainly attributable to the full implementation of the 25% main Corporation Tax rate.
  • Around 7,670 companies had Corporation Tax liabilities of more than £1 million in 2024-25. Although these represented only 0.5% of companies with an amount of tax to pay, they accounted for 60% (£52.7 billion) of total Corporation Tax liabilities.
  • In contrast, around 1.1 million companies had liabilities of less than £10,000, accounting for 4% (£3.4 billion) of the total.
  • Total capital allowances claimed, after balancing charges, were £155 billion in 2024-25, down £11 billion (7%) from the previous year.
Source:HM Revenue & Customs | 05-10-2026
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Aitch
I'm Aitch, the Founder and CEO of CIGMA Accounting Ltd. As a Chartered Management Accountant and as a CIMA member, I've spent more than 16 years helping businesses, entrepreneurs, landlords, and individuals with tax planning, accounting, and HMRC compliance. As a chartered accountant in London, I'm passionate about making complex tax matters easier to understand and helping clients make confident financial decisions. Over the years, I've advised start-ups, SMEs, established companies, and high-net-worth individuals across a wide range of tax and accounting matters. My expertise includes Corporation Tax, Self-Assessment, Capital Gains Tax, Inheritance Tax planning, R&D tax relief, capital allowances, international tax, and resolving complex HMRC compliance issues. Whether clients need a business accountant, tax accountant, or strategic tax advisor, my focus is always on delivering practical advice that creates long-term value. One of my specialist areas is Making Tax Digital (MTD). I've worked extensively with businesses preparing HMRC's digital reporting requirements, helping them move to cloud accounting, improve financial processes, and adopt technology that makes compliance more efficient. I regularly speak at Making Tax Digital roadshows, industry events, and educational sessions in collaboration with Zoho Books, sharing practical insights into digital accounting, tax legislation, and the future of the profession. Many business owners looking for the best accounting firm in London are not simply searching for an accountant they're looking for trusted advice, responsive support, and long-term value. That's the approach I've taken in building CIGMA Accounting. My team and I work closely with businesses across London and the UK, providing accounting services, tax advisory, bookkeeping, payroll, VAT, company accounts, and strategic tax planning tailored to each client's goals. Through this website, I share practical guidance on UK taxation, Making Tax Digital, HMRC updates, Corporation Tax, Self-Assessment, and business finance. My aim is to provide reliable, straightforward information that helps business owners understand changing regulations, reduce compliance risks, and make informed financial decisions with confidence.
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