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How do UK tax revenues compare internationally?
UK tax revenue is below the average of other developed economies. The UK stands out as raising less from social security contributions.
Composition of revenue over time
UK government revenue over time
Total government revenue, 1900-2021
How have government revenues changed over time?
UK tax revenue is forecast to reach its highest ever level. One major trend since the 1970s has been a shift towards VAT.
Forecast composition of government revenue, 2023–24
Composition of government revenue, 2023–24 forecast
Where does the government get its money?
The Government raises around £1 trillion in revenue each year. Most comes from the three biggest taxes: income tax, NICs and VAT.