Legal and accounting business contribute £19.1bn tax

The UK’s legal and accounting firms made a total tax contribution of £19.1bn in 2018, up 6.8% from 2016 for those firms studied, according to the latest report from TheCityUK. This makes up 2.8% of total UK tax receipts and comprises taxes borne (£8.3bn) and taxes collected (£10.8bn). For every £100 of turnover, UK legal and accounting firms contribute £38.40 in taxes.