About this data

Source: Office for Budget Responsibility (OBR), Public finances databank, October 2026; ONS, Public sector finances (business rates)

• 'Taxes' are National Accounts taxes: all taxes and National Insurance contributions paid to central and local government, as measured in the national accounts. Public sector current receipts also include other income, such as interest, dividends and the profits of public corporations.
• Adjusted for inflation using HM Treasury's GDP deflator (October 2026), in 2025-26 prices.
• VAT includes VAT refunded to public bodies such as government departments (£30.5 billion in 2025-26), as the national accounts count it. HMRC's own figures leave this out.
• Business rates are from ONS. Smaller taxes, such as stamp duties, inheritance tax, and alcohol and tobacco duties, are not shown here; they are in the chart of where tax revenue comes from.

This chart appears in Taxation.