Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much the UK FinTech industry paid the Exchequer in tax revenue in (a) 2017-18 and (b) 2016-17 financial years.

HM Revenue and Customs (HMRC) publishes annual statistics relating to income tax, VAT and corporation tax by industry (including the Financial and Insurance Activities Sector). However, HMRC cannot identify receipts from the UK FinTech industry specifically.

For other taxes, industry-level information is not available.

For business rates, the Ministry of Housing, Communities & Local Government collects data only at local authority level and is unable to provide a breakdown by industry.