Government announces another record year of corporate tax revenue

The Government's collection of corporate tax has surpassed last year's- despite 2025 having seen a record year.

Trade and Industry Minister Nigel Feetham told Parliament these tax revenues are the lifeline of our economy and that without them our economic stability and ability to fund the public sector, education system and health services would be seriously impaired.

Last year £211 million was collected, a 37% increase in corporate tax revenue, when compared to the previous year.

With a month to go to the end of the financial year, GBC understands this has again been surpassed, with over £240 million already in the kitty.

In his budget address last year, Mr Feetham said the surge in tax revenue had  not come from increasing the burden on working people but as a result of big businesses contributing their fair share to the public purse.

Nigel Feetham claims these figures do not happen by 'accident' and puts them down to the introduction of the National Tax Strategy which includes targeted corporate tax legislation for big businesses and an enforcement strategy.

The Minister for Trade and Industry is expected to give further details next week when Parliament is expected to debate the treaty motion.    Choosing not to enter into this treaty, he said, would not preserve the status quo as we know it, but would in effect destabilise it.