Accredited official statistics: Background Quality Report: Corporation Tax liabilities and receipts

This publication provides a breakdown of Corporation Tax (CT) receipts and liabilities by number of companies, income, allowances, deductions, industry sector, size and financial year. It includes CT, Bank Levy, Bank Surcharge, Residential Property Developer Tax (RPDT), Energy Profits Levy (EPL), and Electricity Generator Levy (EGL) data by financial year, based on the date of payment for receipts figures, or account period end date of companies for liabilities.

When a company submits a Corporation Tax return to HMRC with details of their taxable profits for their year and the amount of tax that needs to be paid, the amount of tax to be paid is known as their ‘liability’. When a company makes a payment to HMRC in relation to their Corporation Tax for any tax year, these are known as ‘receipts’.

This publication only includes figures for previous years. Forecasts of future CT receipts are produced and published by the Office for Budget Responsibility, and can be found on their website.

Our statistical practice is regulated by the Office for Statistics Regulation (OSR). OSR sets the standards of trustworthiness, quality and value in the Code of Practice for Statistics that all producers of official statistics should adhere to. You are welcome to contact us directly with any comments about how we meet these standards by emailing [email protected]. Alternatively, you can contact OSR by emailing [email protected] or via the OSR website.