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UK has highest property tax burden of top economies, says report
Ryan said business rates receipts are forecast to reach £37.1 billion in 2026/27 as revaluation raises bills for thousands of companies.
- On Monday, global tax firm Ryan released an annual report finding the UK ranks first globally for property taxes as a share of gross domestic product .
- Forecasts show business rates receipts rising to £37.1 billion for the 2026/27 financial year, driven by revaluations across England, Wales and Scotland alongside inflation-linked increases and withdrawal of pandemic-era reliefs.
- Alex Probyn, practice leader for Europe and Asia-Pacific property tax at Ryan, said the system creates tension between revenue needs and investment support; the UK also ranks second globally for total property tax revenues.
- Despite targeted support from The Government for pubs and music venues, many industries like hotels have warned of rising property tax bills, potentially impacting capital investment across UK firms.
- The system is designed to increase yield over time, Probyn noted, creating disproportionate reliance on property taxation that weighs heavily on sectors relying on physical assets and long-term capital.
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Total News Sources13
Leaning Left4Leaning Right2Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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