UK Corporation Tax — £250 Million a Day
Corporation tax is the tax companies pay on their profits; UK receipts reached £91.2 billion in 2024/25 — around £250 million a day — at a 25% main rate, and the counter below shows an estimate of the tax collected so far today.
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Explore CloudLearn Courses →UK corporation tax receipts reached approximately £91.2 billion in 2024/25, according to HMRC tax receipts data.
That is equivalent to around £250 million collected on an average day of the year.
The main rate of corporation tax has been 25% since 1 April 2023, up from the previous 19%.
About These Statistics
Corporation tax is the tax that companies pay on their taxable profits, including trading profits and gains on the sale of assets. It is one of the main sources of revenue for the UK government, raising approximately £91.2 billion in 2024/25 according to HMRC — around £250 million on an average day.
The main rate of corporation tax is 25%, which applies to companies with profits above £250,000. It rose from 19% on 1 April 2023. Companies with profits under £50,000 pay a lower small profits rate of 19%, and those with profits between £50,000 and £250,000 pay a tapered amount through marginal relief.
Corporation tax receipts have risen in recent years, partly reflecting the increase in the main rate from 19% to 25% as well as changes in company profits. Receipts can vary from year to year with the strength of the economy and corporate profitability.
Although corporation tax is one of the largest single taxes collected in the UK, it raises less than income tax, which brought in approximately £302.8 billion in 2024/25, as well as National Insurance contributions and VAT. Together these taxes make up the bulk of the government's revenue.
Corporation tax is paid by incorporated businesses rather than by individuals. A relatively small number of large firms account for a large share of the total collected, while the majority of companies contribute smaller amounts. Unincorporated businesses, such as sole traders and most partnerships, pay income tax rather than corporation tax.
Frequently Asked Questions
Based on official UK government data
How much corporation tax does the UK collect?
UK corporation tax receipts reached £91.2 billion in 2024/25 according to HMRC — roughly £250 million for every day of the year. It is one of the largest sources of government revenue, though smaller than income tax, National Insurance and VAT.
What is the UK corporation tax rate in 2026?
The main rate of corporation tax is 25%, applied to company profits above £250,000. It rose from 19% on 1 April 2023. A small profits rate of 19% applies to profits under £50,000, with marginal relief tapering between £50,000 and £250,000.
How much corporation tax is paid per day in the UK?
Based on receipts of £91.2 billion in 2024/25, UK companies pay roughly £250 million in corporation tax on an average day — about £10.4 million per hour.
UK Corporation Tax Rate History
| Period | Rate |
|---|---|
| 2017–2023 | 19% |
| From April 2023 | 25% (main) / 19% (small profits) |
Source: HMRC