2025 Total Tax Contribution survey of the 100 Group
Now in its 21st year, the annual survey collects data from 100 Group members and reports on the contribution made in taxes borne, taxes collected and the wider economic contribution.
We have analysed trends over the last 12 months and also the last 21 years, highlighting the changing tax profile and how changing economic conditions and legislation have impacted these trends.
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Total Tax Contribution of the 100 Group
Total Tax Contribution (TTC)
The TTC of the 100 Group in 2024/25 is over £90bn for the second consecutive year
- £31.1bn of taxes borne
- £61.9bn of taxes collected
Total Tax Rate (TTR)
Profits for the 100 Group declined at a greater rate than taxes borne in 2024/25, keeping the average Total Tax Rate above 45%
- Profits decreased by 12.7%, while taxes borne decreased by 2.8%
- The average Total Tax Rate for the 100 Group was 45.6%
Capital Investment
Capital investment by 100 Group companies exceeded £30bn for the first time
- Capital Investment increased by 14.3%, reaching £33.3bn
Business Perceptions
Survey participants shared their experience of interacting with HMRC
- 48% of companies reported an improving relationship with HMRC, while only 5% of respondents reported their relationship with HMRC deteriorating.
- 73% of Heads of Tax ranked systems, data management, and processes as their greatest priority following HMRC’s introduction of the BRR+.
Explore 21 years of the 100 Group’s Total Tax Contribution
Explore the data from our TTC surveys in more detail, comparing the change in profile between different years and different taxes.
The survey collects data from 100 Group members on the contribution made in all taxes borne - the taxes that represent a cost to the company such as Corporation Tax, employer National Insurance contributions, Business Rates, irrecoverable VAT and Bank Levy.
The changing profile of taxes borne between 2005 and 2025
Analysis over the 21 years of the survey shows a significant change in the profile of taxes borne. The contribution made to total taxes borne by taxes other than Corporation Tax is greater in 2025 when compared with 2005. This changing profile for the 100 Group suggests that tax revenues contributed by this group of companies have become materially less dependent on Corporation Tax.
Trends in taxes between 2005 and 2025
Over 21 years, the TTC survey has collected an extensive bank of data on tax payments by the 100 Group members. 26 companies have provided data in all the surveys we have undertaken. This enables us to look at the trends in their results on a like-for-like basis, taking 2005 as 100% for each tax.
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Corporation tax
Last year’s survey saw the first increase in Corporation Tax rate in 20 years of the TTC survey, from 19% to 25%. With the higher rate and record profitability, Corporation Tax increased by 26% and was above the 2005 level for the first time since 2008. In this year’s survey, lower profitability has led to an 8% decrease in Corporation Tax.
The broad trend from 2005 to 2015 was decreasing Corporation Tax being offset by increasing other taxes borne. The decrease in Corporation Tax was due to a number of factors: reductions in the statutory rate of Corporation Tax (from 30% in 2005 to 19% from April 2017), but also, between 2010 to 2015, reduced contributions from the oil and gas sector due to lower oil prices and production levels, from the retailers due to challenging economic conditions, and from the financial services sector, mainly due to brought forward losses.
From 2017 onwards, the general trend has been one of increasing Corporation Tax, driven by the introduction of the Bank Surcharge in 2016 and legislation to restrict the use of losses carried forward, corporate interest deductions and compensation payment restrictions for banks.
Notes about the survey
- Charts are based on data provided by survey participants in each survey.
- PwC has anonymised and aggregated this data to produce the survey results.
- All 21 TTC surveys with the 100 Group use the same PwC TTC methodology which enables the results to be compared.
- PwC has not verified, validated or audited the data and cannot give any undertakings as to the accuracy of the survey results in that respect.
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