2022 Total Tax Contribution of the UK Banking Sector

The 2022 Total Tax Contribution Study for the UK banking sector, commissioned by UK Finance and based on analysis by PwC, found that the UK banking sector paid £38.8 billion in taxes in the financial year to March 2022.

The 2022 report also provides information on banking sector employment taxes, as well as an analysis of the UK's tax competitiveness for banking relative to other leading global financial centres.