普华永道：2025年英国百家集团税收总贡献调查报告（英文版）

Overall TTC decreased only marginally to £93bn-a drop ofless than 1%-despite 100 Group profits falling by morethan 12% from last year's record level. Profitability varied bysector, with energy and utilities driving much of themovement as energy prices retreated from the highs of2022123.Two TTC metrics help to contextualise these results. Theaverage Tolal Tax Rate taxes borne as a share ofcommercial profit-remains above 45% for the thirdconsecutive year, reflecting the fact that taxes born