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Barclays UK corporation tax bill for 2009 was £113m

Barclays has revealed it paid £113m in corporation tax to the UK in 2009, 2.4% of its £4.6bn annual profit.

Labour MP Chuka Umunna, of the Treasury Select Committee, who requested the detail, described it as "shocking".

Barclays said the amount of corporation tax it paid for the year included losses for the previous year.

The UK tax authorities' relatively low take also reflects the global nature of the British bank, with the bulk of its profits coming from outside the UK.

Joe Lynam reports.

  • 19 Feb 2011
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