![Line graph showing the UK headline corporation tax rate alongside corporate tax revenues from 1965 to around 2019: While the UK corporation tax rate fell steadily from a peak of 52% between 1973 and 1982 to under 20% by 2017, corporate tax revenue remained broadly stable over the long term, fluctuating between roughly 1.7% and 4.4% of GDP.
Horizontal axis: 1965 to 2015 in 5-year intervals (data extends to around 2019).
Left vertical axis: 0.5% to 4.5% in 0.5% increments.
Right vertical axis: 0% to 60% in 10% increments.
Series:
1. United Kingdom [labelled 'United Kingdo', solid purple line, left axis]:
- 1965: ~1.3%
- 1966: ~0.4%
- 1967: ~2.8%
- 1970: ~3.0%
- 1972: ~2.1%
- 1974: ~3.2%
- 1976: ~1.7%
- 1985: ~4.4% (peak)
- 1993: ~1.8%
- 2000: ~3.5%
- 2006: ~3.4%
- 2009: ~2.5%
- 2010: ~2.8%
- 2015: ~2.3%
- ~2019: ~2.3%
2. United Kingdom (rate) [labelled 'United Kingdo (rate)', dashed purple line, right axis]:
- 1965: 40%
- 1968: 45%
- 1970: 40%
- 1973–1982: 52%
- 1986–1990: 35%
- 1991–1997: 33%
- 1999–2007: 30%
- 2008–2010: 28%
- 2014: 21%
- 2015–2017: 20%
- 2017–2019: 19%](https://taxpolicy.org.uk/wp-content/uploads/2023/03/Screenshot-2023-12-27-at-16.43.17-e1703726882288.png)
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