Barclays PLC Country Snapshot 2016

Contents Page Introduction to the report 02 About Barclays 03 Barclays’ contribution 04 The taxes we pay as we do business 05 Our approach to tax 06 Our approach to tax in the UK 10 Taxes by region and by country 11 Independent Auditors’ report to the Directors of Barclays PLC 12 Country by country data 13 BarclaysPLCCountrySnapshot2016 • 01

Introduction to the report About this report Whilst we continue to publish information Welcome to the 2016 Barclays Country on our taxes paid by country, it is important Snapshot. This is our fourth annual report that this is understood in the context of containing an overview of our tax contribution Barclays’ overall approach to tax. country by country. Transparency remains Changes in this year’s report high on our agenda and tax continues to ■■ We have updated our report to include more information on our be an important issue for our stakeholders. approach to tax. Whilst we continue to publish information on our As a result we have expanded and enhanced taxes paid by country, it is important that this is understood in the our 2016 report. context of Barclays’ overall approach to tax. ■■ Although taxes paid by us remain the focus of our report, we have also included some information on the taxes that we collect. We 2016 highlights collect those taxes because of the contribution made by our business activity, e.g. we collect substantial tax on our employees’ remuneration Barclays continues to make substantial tax payments across the whicharisesbecauseweareasignificantemployer.Together,both jurisdictions in which it operates, both in terms of the taxes we pay, taxes collected and taxes paid make up our total tax contribution. which represent a cost to us (hereafter referred to as taxes paid) and This total tax contribution has been set in the context of our overall taxes collected, which are those we administer on behalf of governments contribution to the economy. and collect from others as we do business. ■■ The UK government’s 2016 Budget introduced legislation requiring In 2016, PwC conducted their most recent survey of the One Hundred all large businesses to publish their UK tax strategy during 2017. Group which represents most of the UK’s largest groups and Barclays is As a bank founded and headquartered in the UK, we welcome this in the top three largest UK taxpayers, in terms of taxes paid, for the development and have included our approach to managing our UK tax third year running. affairs in this report. Ourkey2016figuresareshownbelow. ■■ Therehavebeensignificantdevelopmentsintaxregulationataglobal level over the past year and our report touches on some of the key areas. UK Transparency remains high on our agenda Rank in the list of groups by UK tax paid No 2 and tax continues to be an important issue for Global our stakeholders. Total taxes paid by Barclays £2,824m Total taxes collected by Barclays £2,733m Total tax contribution £5,557m Profitbeforetax £4,127m Number of countries that Barclays operates in 55 Total employees globally 122,947 In 2016, PwC conducted their most recent survey of the One Hundred Group which represents most of the UK’s largest groups and Barclays is in the top three largest UK taxpayers, in terms of taxes paid, for the third year running. BarclaysPLCCountrySnapshot2016 • 02

About Barclays Barclays is a transatlantic consumer, Responding to change in the corporate and investment bank that offers a regulatory environment well-balanced and integrated set of products ■■ We are currently making a number of changes to the way Barclays is structured as a response to legislative requirements in the UK and the and services across personal, corporate and US. Structural Reform, sometimes referred to from a UK perspective as investment banking, credit cards and wealth ‘ring-fencing’, aims to create a safer and more resilient banking system within which institutions can be more easily resolved without access management. Our customers and clients to government funds. include individuals, small and large businesses, ■■ In the UK, ring-fencing will require banking products and services like local authorities, corporations, institutions savings accounts, current accounts and payments to be separated and governments. from more complex products like derivatives, and from activities that are conducted in locations and markets outside the UK and European Economic Area. The UK ring-fencing rules will take effect from January 2019. Our role in the economy ■■ In the US, we were required to implement an Intermediate Holding At Barclays, we are proud of our strong tax contribution and we are Company (IHC) group within which all our US subsidiaries operate. also a major investor, employer and purchaser of goods and services. In The IHC is part of the Barclays International business unit and was addition we facilitate individuals and corporations in making payments established on 1 July 2016. andmanagingtheirfinances. Conduct rules Our business units ■■ Conduct Rules are new behavioural requirements set by the UK Our business is constantly evolving in response to changes in the Regulators, the Financial Conduct Authority and Prudential Regulation environment in which we operate. Authority, as part of the introduction of the Individual Accountability Rules in March 2016. They aim to hold people working at all levels in We have announced our intention to focus on our strengths as a banking to appropriate standards of conduct. transatlantic consumer, corporate and investment bank. The Group aims tofocusitsoperationsinthetwoleadingfinancialcentresoftheworld, ■■ Barclays is committed to ensuring all of our employees uphold the London and New York. Our core business units are shown below: Conduct Rules. Barclays UK We are currently making a number of Focused UK consumer and business bank with scale changes to the way Barclays is structured comprising: as a response to legislative requirements ■■ Personal Banking in the UK and the US. ■■ Barclaycard Consumer UK ■■ Wealth, Entrepreneurs and Business Banking Barclays International Diversified transatlantic wholesale and consumer bank comprising: ■■ Corporate and Investment Bank ■■ Consumer, Cards and Payments At Barclays, we are proud of our strong tax contribution and we are also a major investor, employer and purchaser of goods and services. BarclaysPLCCountrySnapshot2016 • 03

Barclays’ contribution Our wider contribution Economic Activity Barclays directly generates economic activity by delivering Barclays contributes in many ways to the financialservicestocustomersthroughtheoperationofits officesandbranchnetwork.Moreinformationonoureconomicactivity jurisdictions in which we operate. This report can be found in our Annual Report. Our contribution to the UK economy concentrates on our tax contribution which is addressed in our Barclays in the UK report – home.barclays/ news/2016/12/supporting-growth-in-the-uk.html is just one element of our overall contribution. Employment We look at some of the other ways in which Barclays generates and supports employment across all of the we contribute here. jurisdictions in which it operates. Globally Barclays employed an average of 122,947 full-time employees during 2016. Barclays also generates employment opportunities indirectly through its purchase of goods and services from suppliers. More information can be found on our website – home.barclays Citizenship Having a positive impact on the communities in which we operate is very important to us. A link to our Shared Growth Ambition can be found here – home.barclays/news/2016/05/ shared-growth-ambition.html Our global tax contribution This section of the report looks at both taxes paid and taxes collected. Taxes paid Taxes collected Taxes paid are those that represent a cost to us. This amount includes: Taxes collected are those that we administer on behalf of ■■ corporation tax, including UK surcharge on banks governments and collect from others as we do business. ■■ irrecoverable VAT paid This amount includes: ■■ employer payroll taxes paid ■■ taxes collected on employee salaries ■■ UK bank levy ■■ tax on share dealing ■■ withholding taxes. ■■ tax deducted at source on interest ■■ net VAT (VAT charged on sales less recoverable VAT on purchases). Taxes paid of £2,824m £m Taxes collected of £2,733m £m 6 1 1 Corporation tax 701 3 4 1 1 Employee taxes 2,288 5 2 Irrecoverable VAT paid 636 2 5 2 Tax on share dealing 198 3 Employer payroll taxes 611 3 Tax deducted at source on interest 142 4 UK bank levy 391 4 Net VAT collected 62 4 2 5 Withholding taxes 383 5 Other taxes 43 6 Other taxes 102 3 Total taxes Our total tax contribution in 2016 was Total tax Taxes paid £5,557m which includes both taxes paid and taxes collected on behalf of governments. contribution £2,824m The remainder of this report £5,557m focuses only on taxes paid Taxes collected £2,733m BarclaysPLCCountrySnapshot2016 • 04

The taxes we pay as we do business The diagram below shows how the taxes paid ■■ Whenourbusinessgeneratesprofits,wepaycorporationtax. We also pay withholding taxes on dividends and certain other by us arise as we do business. income we receive. ■■ As a large employer, our staff costs include social security, such as national insurance contributions that we pay as an employer to HMRC, in respect of the salaries we pay our employees. ■■ Unlike most other businesses, banks can only claim back a small proportionoftheVATthattheyincur,makingthisasignificantcost to our business when we buy goods and services from our suppliers. ■■ Bank levy is paid to the UK government based on our total global balance sheet. ■■ We also pay other taxes such as property taxes on our network of high street branches. Taxes collected have been excluded from the amounts presented below. Taxes paid by Barclays in 2016 Our shareholders Corporation tax on Irrecoverable VAT Our suppliers: and investors: Barclays’profitsand paid by Barclays – We pay VAT that we cannot We pay tax on the profits withholding taxes – £636m recover on the goods we earn £1,084m and services we buy in the course of our business Our employees: Payroll taxes UK bank levy Our customers We pay social security paid by Barclays on Barclays’ and markets: as a result of being an – £611m balance sheet We pay taxes levied on the employer – £391m size of our balance sheet Other business taxes – £102m Total taxes paid by Barclays: £2,824m Tax authorities BarclaysPLCCountrySnapshot2016 • 05

Our approach to tax Our purpose and values Our values and behaviours, outlined in the Barclays Code of Conduct called The Barclays Way, govern our way of working across our business Our purpose is to help people achieve their globally. It constitutes a reference point covering all aspects of colleagues’relationships,specifically(butnotexclusively)with ambitions – in the right way. This sits at the customers and clients, governments and regulators, business partners, core of our business and underpins everything suppliers, competitors and other Barclays’ employees. we do. We believe that only a business Our key objectives driven by strong values can deliver strong, Our approach to tax is rooted in our overall purpose and values and sustainable returns. has three core objectives: ■■ responsible approach to tax ■■ effective interaction with tax authorities ■■ transparency in relation to our tax affairs. Our approach to tax is built around ensuring we meet these objectives. We expand on the key elements of our approach on the following pages. Barclays’ approach to tax The key elements of Barclays’ approach: Our tax principles Our tax principles allow us to balance the needs of our The objectives that Barclays seeks to achieve: stakeholders including shareholders, customers, tax Responsible approach to tax authorities and regulators when making decisions Ensuring we manage our tax affairs in accordance with our Our tax code of conduct and tax principles and tax code of conduct, our returns are filed ‘no surprises’ approach on time and the correct amount of tax is paid We operate and interact with tax authorities in the right way and in a way that they would expect Effective interaction with tax authorities Our governance Having a constructive and professional relationship with Ultimate responsibility for tax risk resides with the the tax authorities is key to how we manage our tax affairs Board and our governance ensures that suitably qualified We also actively support and work with tax authorities to people are involved in decisions related to tax combat tax evasion Our engagement Transparency in relation to our tax affairs We seek to clearly explain our tax position within Striving to be a leader in tax transparency by expanding our reports, filings and publications external publications such as the Country Snapshot and making clear disclosures to tax authorities Our view on tax evasion Tax evasion is a criminal activity which involves deliberately concealing income or assets from tax authorities Tax evasion is wrong and we actively invest in and support initiatives to combat tax evasion BarclaysPLCCountrySnapshot2016 • 06

Our approach to tax Our tax principles Our clients We have set out and published clear tax principles that govern Our tax principles make it very clear that all tax planning for our clients our approach to tax planning. Our tax planning must: must support genuine commercial activity. While our clients are ultimately responsible for any decisions in relation to their tax affairs, ■■ support genuine commercial activity we, like other banks, do provide some tax related products to our clients. These products are well-understood by tax authorities and often deliver ■■ comply with generally accepted custom and practice, taxincentivesspecificallyintendedbygovernments. in addition to the law and the UK Code of Practice on Taxation for Banks Conversely, for example, we would not provide non-standard loan funding to a client, where the funding is integral to the client’s tax ■■ be of a type that the tax authorities would expect planning, if the tax planning does not comply with the spirit, as well ■■ only take place with customers and clients sophisticated as the letter, of the law. enough to assess its risks ■■ be consistent with, and seen to be consistent with, Our tax principles make it very clear that our purpose and values. all tax planning for our clients must support Our tax principles are central to our approach to tax planning for genuine commercial activity. ourselves or on behalf of our clients. Since their introduction in 2013 we believe our tax principles have been a very valuable addition to Our business the way we manage tax, ensuring that we take into account all of our stakeholders when making decisions related to our tax affairs. The Taxinfluencesdecisionsabouthowwerunandorganiseourbusinessand same applies to our tax code of conduct which is discussed further about where we base our operations. Making these decisions is an integral on page 8. part of running a global commercial organisation. When tax is a factor in deciding where or how we do business, we ensure that decisions made areconsistentwithourtaxprinciplesandthatprofitsaretaxedinthe locations in which the economic activity generating them takes place. Dealings between different companies within our Group are priced on an arm’s-lengthbasisandreflecttheeconomicsubstanceofthe transaction in accordance with established international standards and localtaxlaws.Arrangementsthatartificiallytransferprofitsintoalow tax jurisdiction would not be compliant with the tax principles and we do not therefore enter into such arrangements. When tax is a factor in deciding where or how we do business, we ensure that decisions made are consistent with our tax principles and that profits are taxed in the locations in which the economic activity generating them takes place. Low tax territories We have business operations in a number of jurisdictions which have low tax rates. For example, we operate full-service retail and corporate banking businesses in Mauritius and the Seychelles. In both cases we are one of the leading banks in the country, having operated there for more than 50 years. ClosertotheUK,wealsohaveoperationsinoffshorefinancialcentres which are based principally in the Isle of Man, Jersey and Guernsey, whereouroperationsarealong-termsignificantlocalemployer. However,wedonotmarketthetaxbenefitsofoffshorefinancialcentres toourclients.Whereaclientchoosestoinvestviaanoffshorefinancial centre, Barclays will only provide the client with services that are compliant with our tax principles. We have also historically incorporated companies under the laws of other low tax jurisdictions, particularly the Cayman Islands, because the local company law makes it simple and cost effective to set up and manage companies.Alloftheprofitsgeneratedinthesecompaniesaresubject to corporation tax at a rate at least equal to the UK corporation tax rate. BarclaysPLCCountrySnapshot2016 • 07

Our approach to tax Our tax code of conduct and Our tax code of conduct is an integral part of how we operate: ‘no surprises’ approach. ■■ all tax planning is subject to a robust review and approval process ■■ our approach to taxation is clearly explained and publicly Our tax department comprises in-house professionals from a available, and our tax reporting is transparent and helpful to combination of tax, legal and accounting backgrounds. Our tax stakeholders professionals are subject to clear standards to ensure that they ■■ our dealings with tax authorities are handled proactively, uphold the tax principles. constructively and transparently, recognising that early resolution of our tax affairs is in everyone’s interest, and we respond to feedback from tax authorities ■■ any litigation necessary to resolve a difference of opinion will be handled in a way that is consistent with our values. We ensure that, where necessary, we consult with reputable external advisers to help us manage our tax position and to ensure that we are making appropriate decisions. Our aim is to take a ‘no surprises’ approach to our interactions with tax authorities by demonstrating the following behaviours in our dealings with them: ■■ we aim to have professional and constructive relationships ■■ we make our tax returns as clear as possible and we try to raise important issues proactively so that tax authorities can focus their resources effectively ■■ we aim to be co-operative and helpful when dealing with enquiries raised by tax authorities ■■ from time to time, if it is unclear how tax law should be applied, wemayengagewithtaxauthoritiestoconfirmthecorrectapplication of tax law. BarclaysPLCCountrySnapshot2016 • 08

Our approach to tax Our governance Our engagement We are aware that tax is a complex area and we understand the Barclays believes that it is important to be transparent in the disclosure importance of having strong governance in place in relation to our tax of our tax affairs. This report contributes to that transparency, as do affairs. We have a set of documented standards and procedures that our Annual Report and other publications. must be adhered to by all employees. Barclays engages with governments, non-governmental These are kept under continuous review and are revised in light of organisations and industry groups, through public consultations and factors such as material changes to our business. Our Board oversees other discussions, as part of our commitment to assisting with the tax matters and tax risk and carries this out through Board level development of tax policy and the improvement of tax systems, and committees. our commitment to maintain transparency with these stakeholders. The formal procedures around governance of tax matters are consistent Our view on tax evasion with the broader framework for risk management that operates across the wider Barclays Group. The procedures in place ensure that all Tax evasion is a criminal activity which involves deliberately concealing significanttaxrelateddecisionsaresubjecttoreviewandapprovalby income or assets from tax authorities. Barclays does not engage in tax appropriatelyqualifiedandexperiencedpeople. evasion and does not provide services with the aim of facilitating tax evasionbythirdparties.Asafinancialinstitutionwerecognisethatour Tax Approvals Board – normal banking services could potentially be used by third parties in the department – committees – oversees tax course of their own tax evasion. manages ensure that tax is matters and To address this we have worked alongside governments and Barclays’ fully taken into tax risk international organisations, such as the Organisation for Economic tax affairs account when Cooperation and Development (OECD), to develop and implement making business strong but practical rules which support their efforts to tackle tax decisions evasion and ensure that tax authorities have timely and automatic accesstorelevantinformationheldbyfinancialinstitutions.Wehave investedsignificantlyinoursystemsandprocessestosupportthe objectives of governments in addressing tax evasion, and will continue to develop our approach in this area. Changing face of global tax Base Erosion and Profit Shifting (BEPS) Public interest in the integrity of tax regimes globally has increased over recent years. This has in turn led to initiatives such as the OECD’s BEPS project. Tax regimes in many countries are undergoing a period of review in response to the recommendations of the BEPS project. The UK government has been at the forefront of this and is introducing a number of changes into UK tax law. One of the aims of the BEPS project is to ensure that the international tax system operates to tax profits where relevant economic activity takes place. This is consistent with our approach so we do not expect any changes to the countries in which our profits are taxed as a result. We support the aims of BEPS which encourages tax regimes to develop in ways that make the global tax system fairer and more transparent. Common Reporting Standard (CRS) The CRS has been developed by the OECD as a global reporting standard which requires financial institutions to collect information relating to their customers and to provide this to tax authorities. Tax authorities share this information with one another. We support the aim of the CRS, which is to allow tax authorities to obtain a clearer understanding of where financial assets are held and where income is earned. BarclaysPLCCountrySnapshot2016 • 09

Our approach to tax in the UK In 2016, the UK government introduced We have summarised the way we manage legislation which requires large businesses our UK tax affairs below to publish their UK tax strategy. Our approach Transparent and professional dealings with HMRC to the management of UK taxes is fully in line ■■ As outlined above, we operate in accordance with our tax code with our overall approach to tax as set out in of conduct in relation to all of our tax affairs, including our UK this document. tax affairs. ■■ In the UK, this involves maintaining a professional and constructive relationship with HMRC. We have regular meetings with HMRC to discuss their enquiries and material issues in relation to our tax affairs. This helps focus both our and HMRC’s resources on the most important issues. ■■ As a large group, we make hundreds of filings to HMRC every year, and aim to make all of these on time. We also aim to make these tax filings as clear as possible and include explanations as required to ensure that our returns are easy to understand. ■■ Where we face significant uncertainty in relation to the application of tax law, we may seek to agree with HMRC how the tax law should properly apply. Any agreements have not provided any advantage to us as they have not resulted in any tax treatment that would not be available to other taxpayers. ■■ In the very rare instances that we ultimately need to have recourse to the Courts to resolve tax issues, we would continue to interact with HMRC in a constructive and helpful manner. Responsible approach to tax planning ■■ All our tax planning is undertaken in accordance with our tax principles, tax code of conduct and the UK Code of Practice on Taxation for Banks. Governance and controls over UK taxes ■■ Our global governance procedures are discussed more fully on page 9. The same procedures apply to our UK tax affairs. ■■ We are fully committed to the Code of Practice on Taxation for Banks and are fully transparent with HMRC about our governance procedures and how they comply with the Code’s requirements. ■■ Under the Senior Accounting Officer regime in the UK, we provide an annual attestation confirming that we have appropriate accounting arrangements to allow our tax liabilities to be calculated correctly. ■■ We seek to ensure that our tax filings in the UK reflect full compliance with transfer pricing requirements and the arm’s- length principle. Effective risk management ■■ Given the scale of our UK business, the broad range of our tax obligations and the complexity of the tax laws that we are required to comply with, uncertainty arises in relation to our tax liabilities from time to time. We refer to this uncertainty as tax risk. ■■ Where there is significant uncertainty or complexity in relation to a tax risk, we may seek advice from external experts. This gives us confidence that our tax returns are appropriate. ■■ We proactively seek to identify, evaluate, manage and monitor UK tax risks to ensure our financial exposure is well understood and is 20 16 within a level that we consider acceptable. BarclaysPLCCountrySnapshot2016 • 10

Taxes by region and by country This section of our report provides detailed information regarding the taxes paid by us globally during the year ended 31 December 2016. UK Total Europe taxes paid Total Americas £1,463m taxes paid Asia Pacific Total £512m Total taxes paid taxes paid £290m £133m Africa and Middle East Total taxes paid £426m Taxes by region ■■ In 2016 Barclays paid £2,824m of tax of which £1,463m was paid in theUK.ThissignificantcontributiontotheUKeconomyreflectsthe fact that we are a UK-headquartered bank and that the UK is the main base of our global operations. ■■ OurtotalUKpaymentsincludeverysignificantamountsofpayrolltax and VAT paid by us and also include a bank levy payment of £391m. The reduction in bank levy payments when compared to 2015 is because we had overpaid in previous years and our 2016 liability was reduced by these overpayments. ■■ UK corporation tax is a relatively small part of all the taxes we bear globally.UKcorporationtaxispaidonlyontheprofitsBarclaysactually generatesintheUKandnot,forexample,onprofitsgeneratedin other parts of our business and then passed to our UK headquarters as dividends, as these have already been taxed in the local jurisdiction. As has been the case in recent years, the level of our corporation tax payments in 2016 was reduced by tax losses incurred in earlier years that have been carried forward. In 2016 Barclays paid £2,824m of tax of which £1,463m was paid in the UK. BarclaysPLCCountrySnapshot2016 • 11

Independent Auditors’ report to the Directors of Barclays PLC We have audited the accompanying Directors’ responsibility for the schedule schedule of Barclays PLC labelled The Directors are responsible for the preparation of the schedule in accordance with the Capital Requirements (Country-by-Country ‘Country by country data’ for the year Reporting) Regulations 2013, for the appropriateness of the basis of ended 31 December 2016 (‘the schedule’). The preparation and the interpretation of the Regulations as they affect the preparation of the schedule, and for such internal controls as the schedule has been prepared by the Directors Directors determine is necessary to enable the preparation of the based on the requirements of schedule that is free from material misstatement, whether due to a the Capital Requirements (Country-by- fraud or error. Country Reporting) Regulations 2013. Auditors’ responsibility Our responsibility is to express an opinion on the information labelled as audited in the schedule based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the schedule is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the schedule. The procedures selected depend on the auditors’ judgement, including the assessment of the risks of material misstatement of the schedule, whether due to fraud or error. In making those risk assessments, the auditor considers internal controls relevant to the entity’s preparation of the schedule in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the schedule. Webelievethattheauditevidencewehaveobtainedissufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the Country-by-Country information labelled as audited in the schedule as at 31 December 2016 is prepared, in all material respects, in accordance with the requirements of the Capital Requirements (Country-by-Country Reporting) Regulations 2013. Basis of preparation and restriction on distribution Without modifying our opinion, we draw attention to Note 1 to the schedule, which describes the basis of preparation. The schedule is prepared to assist the Directors to meet the requirements of the Capital Requirements (Country-by-Country Reporting) Regulations 2013. As a result, the schedule may not be suitable for any other purpose. b OurreportisintendedsolelyforthebenefitoftheDirectorsofBarclays PLC. We do not accept or assume any responsibility or liability to any other party save where terms are agreed between us in writing. PricewaterhouseCoopers LLP Chartered Accountants 22 February 2017 London, United Kingdom a The maintenance and integrity of the Barclays PLC website is the responsibility of the Directors; the work carried out by the auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the schedule since it was initially presented on the website. b Legislation in the United Kingdom governing the preparation and dissemination of the schedule may differ from legislation in other jurisdictions. BarclaysPLCCountrySnapshot2016 • 12

Country by country data Country Snapshot 2016 Audited Audited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Audited Audited Social Bank Other Public Average Profit/(loss) Total tax Corporation Security levy taxes subsidies number of Turnover before tax paid tax paid paid VAT paid paid paid received employees a Country Commentary £m £m £m £m £m £m £m £m £m United We are one of the largest banks in the UK, with operations 15,067 3,426 1,463 121 374 497 391 80 – 46,486 Kingdom spanning all business units. Various factors mean that the profitwereportasbeingearnedintheUKdiffersfromthe profitsonwhichwearesubjecttoUKcorporationtax.In particular,beingaUKheadquarteredbank,theprofit figureincludesdividendsreceivedfromoverseas subsidiaries, which are not taxed in the UK as they have already been taxed in the local jurisdiction. In addition, during 2016 we disposed of a number of investments on which the gains are exempt from corporation tax. Our UK taxableprofitsin2016werereducedthroughtheoffsetof tax losses brought forward from previous years. The amount of corporation tax we paid in 2016 was further reduced because we had overpaid in previous years and this overpayment was offset against our 2016 payments. United States OurprincipalUSactivitiesincludeasignificantand 7,196 1,667 184 85 78 4 – 17 – 9,741 wide-ranging corporate and investment banking business and Barclaycard operations. We pay US taxes, including federal, state and local corporate income taxes, on the profitsfromthoseactivities.OurUStaxableprofitswere reduced in 2016 due to the offset of tax losses brought forward from previous years. South Africa Barclays Africa Group Limited owns Absa Bank, a 2,923 823 293 224 10 54 – 5 – 30,445 household name in South Africa, which provides a full range of banking services including personal and corporate banking, investment banking, wealth and insurance.Profitsaretaxedlocallyatratesinexcessofthe UK corporation tax rate. Singapore Singapore is a regional hub for our investment banking 742 93 16 4 12 – – – – 2,125 operations and also provides corporate banking facilities. The sale of our Singapore wealth and investment management business was completed during 2016. We alsoemployasignificantnumberofback-officeand support staff in Singapore. Our Singaporean activities are taxed locally at below the UK corporation tax rate. The corporationtaxpaidin2016relatestoprofitsearnedin 2015. Luxembourg Luxembourg continues to be an important location for the 551 532 12 9 – 3 – – – 42 bank. We carry on investment banking and treasury activity in Luxembourg, including equities business, raisingandprovidingfinancingfromandtoclients,and funding our international operations. Luxembourg tax was notpaidonthegreatmajorityoftheprofitsduetoeither an offset of tax losses, or as a result of dividends not being taxed under Luxembourg law. Germany Our business in Germany comprises investment banking, 384 94 65 54 6 5 – – – 713 corporate banking and Barclaycard operations, locally taxed at rates in excess of the UK corporation tax rate. The amount of corporation tax paid in 2016 was high relative totheprofitsgeneratedasaresultofadditionalamounts of corporation tax being paid in respect of prior years. Japan Wehavesignificantinvestmentbankingandpersonaland 320 53 (1) (9) 6 2 – – – 518 corporate banking operations in Japan. The amounts of tax we recovered include corporation tax repayments in respect of amounts overpaid in previous years. India Our business in India comprises investment banking and 265 162 71 62 8 1 – – – 13,606 personal and corporate banking operations. We also employ alargenumberofback-officeandsupportstafftosupport international operations and technology development. These activities are locally taxed at rates above the UK corporation tax rate. Hong Kong Hong Kong is a regional hub for our investment banking 250 (13) 7 7 – – – – – 543 activity and also provides corporate banking facilities. The sale of our Hong Kong wealth business was completed during 2016. Kenya Our Kenyan operations span all business units and are 249 84 30 23 1 6 – – – 2,845 taxed locally at a rate higher than the UK corporation tax rate. France During 2016, our French operations spanned all business 222 (497) 68 – 58 10 – – – 1,173 units. We announced the sale of our retail (including wealth) and insurance businesses during 2016 and this is expected to complete during 2017. a A list of the main entities that Barclays operates through around the world and which together contribute over 90% of the Group’s turnover can be found within the Citizenship section of our website. BarclaysPLCCountrySnapshot2016 • 13

Country by country data Country Snapshot 2016 Audited Audited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Audited Audited Social Bank Other Public Average Profit/(loss) Total tax Corporation Security levy taxes subsidies number of Turnover before tax paid tax paid paid VAT paid paid paid received employees a Country Commentary £m £m £m £m £m £m £m £m £m Isle of Man Following the sale of our offshore trust business in January 180 109 7 7 – – – – – 400 2016, our Isle of Man operations now focus on investment management, personal and corporate banking. These activities are taxed locally at rates below the UK corporation tax rate. Switzerland We undertake investment banking, personal and corporate 159 (131) 8 – 5 3 – – – 295 banking and wealth and investment management operations in Switzerland. Jersey Following the sale of our offshore trust business in January 158 91 8 8 – – – – – 234 2016, our Jersey operations now focus on investment management, personal and corporate banking. These activities are taxed locally at rates below the UK corporation tax rate. Ghana Our Ghanaian personal and corporate banking, investment 144 81 21 19 1 1 – – – 1,112 banking and wealth and investment management operations are locally taxed at a rate higher than the UK corporation tax rate. Portugal During 2016, we completed the sale of our retail (including 133 99 13 1 3 9 – – – 336 wealth), non-core corporate and Barclaycard businesses in Portugal. Our operations in Portugal now consist mainly of investment banking and corporate banking activities. Egypt During 2016, our Egyptian operations spanned all business 133 72 21 17 1 3 – – – 1,342 units and were locally taxed at a rate higher than the UK corporation tax rate. The sale of our Egyptian business is due to complete in 2017. Mauritius Our operations in Mauritius cover all business units. The 117 386 4 4 – – – – – 779 majority of these activities are taxed locally at rates below theUKcorporationtaxrate.The2016profitbeforetax, butnottheturnover,includesprofitsthataroseonthe intragroup transfer by Mauritian subsidiaries of two companies that provide services to the Group, as part of the structural reform of Barclays. Monaco Our operations are focused on personal and corporate 110 45 15 7 6 2 – – – 182 banking activities which are taxed at a higher rate than the UK corporation tax rate. Corporation tax is paid in the yearfollowingtheyearinwhichprofitsaregeneratedand thereforethecorporationtaxpaidin2016relatestoprofits generated in 2015. Botswana Our Botswana personal and corporate banking, 110 37 10 10 – – – – – 1,190 investment banking, insurance and Barclaycard operations are taxed locally at a rate higher than the UK corporation tax rate. Spain Following the sale of our Spanish Barclaycard business in 104 102 64 43 2 19 – – – 445 2016, our Spanish operations now relate to corporate and investment banking businesses. Tanzania Our Tanzanian personal and corporate banking, 88 4 9 4 4 1 – – – 1,698 investment banking and insurance operations are locally taxed at a rate higher than the UK corporation tax rate. UAE Our UAE operations focus mainly on corporate banking. 85 (23) – – – – – – – 291 Mexico Our Mexican operations focus on investment banking 73 38 (25) (29) 1 3 – – – 65 activities. We received a corporation tax refund in 2016 due to overpayments in 2014 and 2015. Zambia Our Zambian personal and corporate banking, investment 69 23 6 5 1 – – – – 963 banking and insurance operations are locally taxed at a rate higher than the UK corporation tax rate. Italy During 2016, we completed the sale of our retail business 55 (166) 24 – 12 12 – – – 703 in Italy. Sales of further parts of our Italian business are expected to complete during 2017. Ireland Our Irish operations include corporate banking, investment 55 35 5 4 1 – – – – 119 banking and wealth and investment management. The sale of our Irish insurance business is due to complete in 2017. The activities are taxed locally at below the UK corporation tax rate. Uganda Our Ugandan personal and corporate banking and 54 19 1 – 1 – – – – 855 investment banking operations are locally taxed at a rate higher than the UK corporation tax rate but the corporation tax paid was reduced due to the offset of tax losses from prior years a A list of the main entities that Barclays operates through around the world and which together contribute over 90% of the Group’s turnover can be found within the Citizenship section of our website. BarclaysPLCCountrySnapshot2016 • 14

Country by country data Country Snapshot 2016 Audited Audited Unaudited Audited Unaudited Unaudited Unaudited Unaudited Audited Audited Social Bank Other Public Average Profit/(loss) Total tax Corporation Security levy taxes subsidies number of Turnover before tax paid tax paid paid VAT paid paid paid received employees a Country Commentary £m £m £m £m £m £m £m £m £m Mozambique Our Mozambican personal and corporate banking, 51 10 1 – 1 – – – – 929 investment banking and insurance operations are locally taxed at a rate higher than the UK corporation tax rate but the corporation tax paid was reduced due to the offset of tax losses from prior years. Guernsey Following the sale of our offshore trust business in January 47 26 2 2 – – – – – 54 2016, our Guernsey operations now focus on investment management, personal and corporate banking. These activities are taxed locally at rates below the UK corporation tax rate. Czech Our operations in the Czech Republic focus on investment 45 2 5 1 4 – – – – 367 Republic banking and are locally taxed at a rate similar to the UK corporation tax rate. Zimbabwe Our Zimbabwean operations focus on personal and 44 11 3 3 – – – – – 645 corporate banking and are locally taxed at a rate higher than the UK corporation tax rate. Canada Our operations in Canada consist mainly of investment 35 (5) 3 1 1 1 – – – 69 banking operations. Our operations are locally taxed at a rate higher than the UK corporation tax rate. Corporation tax payments made in 2016 were estimated based on 2015 taxableprofits. Israel Our operations in Israel consist mainly of investment 33 1 3 3 – – – – 2 39 banking operations. The corporation tax paid on our operationsinIsraelisbasedonestimatedtaxableprofits for 2016. Seychelles Our Seychellois personal and corporate banking and 23 11 3 3 – – – – – 201 investment banking operations are locally taxed at a rate higher than the UK corporation tax rate. Brazil Our Brazilian operations span all business units and are 14 (13) 9 6 3 – – – – 50 locally taxed at a rate higher than the UK corporation tax rate. b Represents 19 countries each with a turnover of less than 16 (88) 13 2 11 – – – – 1,347 Other £10m in 2016. Subtotal (including discontinued operations) 30,304 7,200 2,441 701 611 636 391 102 2 122,947 Withholding taxes 383 383 Intra-group eliminations: Dividends (2,345) (2,345) Recharges (2,353) Hedging (858) (738) Other 449 10 Total including discontinued operations 25,197 4,127 2,824 1,084 611 636 391 102 2 122,947 Excluding discontinued operationsc (3,746) (897) (304) (41,028) Total for continuing operations 21,451 3,230 780 81,919 a A list of the main entities that Barclays operates through around the world and which together contribute over 90% of the Group’s turnover can be found within the Citizenship section of our website. b The countries with turnover of less than £10m in 2016 are Russia, Netherlands, Cyprus, Gibraltar, China, Sweden, Taiwan, Thailand, South Korea, Australia, Malaysia, Indonesia, Cayman Islands, Qatar, Lithuania, Argentina, Philippines, Namibia and Nigeria. c On 1 March 2016, Barclays announced its intention to sell down the Group’s interest in Barclays Africa Group. The Barclays Africa Group (which includes South Africa, Kenya, Ghana, Botswana, Mauritius, Tanzania, Zambia, Uganda, Mozambique and the Seychelles) meets the requirements for presentation as a discontinued operation under IFRS 5 and these results represent the majority of the amount relating to discontinued operations, presented separately in the Group income statement. BarclaysPLCCountrySnapshot2016 • 15

Country by country data Note 1 - Basis of preparation Payroll taxes paid: These are taxes paid by us, based on government social security policies in each country and, for example, in the UK The table provides the following information for Barclays in 2016: represent employer’s national insurance contributions. They do not Country: In most cases, we have determined which country to report represent income tax on payments to our employees or employees’ activity under by looking at country of tax residence. Where activities national insurance contributions which are taxes collected but not are conducted by entities that are not themselves subject to tax (for paid by us. example certain partnerships), then we have considered other factors VAT paid: This includes VAT and other consumption taxes (including such as the location of management and employees, the jurisdiction goods and services tax, consumption tax and US Sales and Use Taxes). in which the majority of revenues are generated, and the country of TheseareirrecoverableValueAddedTaxfigures.Unlikemanyother establishment of the entity’s parent. In these cases it is possible that businesses,financialservicesbusinessesareonlyabletoreclaimasmall taxispaidinadifferentcountrytotheonewhereprofits,uponwhich proportionoftheVATtheyincur,makingVATasignificantpartofourtax the tax is paid, are reported. contribution. Not all countries have a VAT system which is why there are Commentary: We have explained the nature of our activities in each no entries against some countries within the table. These numbers do country,andhaveclassifiedouractivitiesaspersonalandcorporate not include any VAT charged to customers on Barclays’ product base and banking, investment banking, Africa banking and Barclaycard, primarily collected on behalf of tax authorities. being credit card and payment processing. That disclosure is included Bank levy paid: Bank levy is a tax paid to the UK government on our within the commentary column in the table above together with our global balance sheet as we are a UK headquartered bank. It is a tax explanation of any matters of interest. charged on the funding we raise to support our businesses globally. Turnover: Turnover gives an indication of the size of our business in As with corporation tax the bank levy is paid across multiple years and each country, and we have ordered the table in descending order. therefore the tax paid of £391m in 2016 should not be expected to Turnover includes net interest income, net fee and commission income, equate to the accounting accrual in 2016 of £475m, which includes net trading income, net investment income, net premiums from both the bank levy charge on the face of the income statement as insurancecontractsandnetclaimsandbenefitsincurredoninsurance well as bank levy that relates to the Barclays Africa disposal group. contracts. Some of the turnover numbers need to be treated with care Other: Other taxes are the material property taxes that Barclays paid astechnicalaccountingrequirementsinthewaythesefiguresare in 2016 and include, for example, taxes on the property we use in our preparedmeanthereisanelementofdoublecounting.Profitsgenerated business such as our network of high street branches. in Canada and then paid to the UK as a dividend for example, will be Public subsidies received: Barclays received £2m from the Israeli countedwithinboththeCanadaandUKfigures.Theseadjustments, government in relation to IT development. called intra-group eliminations, are broken down by type at the end of the table and total around £5.1bn for 2016 in relation to turnover. Average number of employees: The number of employees has been Profit/(loss) before tax: Thesenumbersareaccountingprofits.Aswith calculated as the average number of employees, on a monthly full-time theturnoverfigures,thesenumbersincludesomedoublecounting equivalent basis, who were permanently employed by Barclays PLC or which is reconciled at the bottom of the table. Total intra-group one of its subsidiaries during the relevant period. An average of the eliminationsfortheprofit/(loss)beforetaxcolumnarearound£3bn. number of full-time equivalent employees at the end of each calendar ThemajorityoftheadjustingfiguresreportedrelatetotheUK. month has been calculated. Contractors, agency staff, and staff on extended leave, such as maternity leave, are excluded. Total tax paid: This column shows the total tax Barclays actually paid in Intra-group eliminations: These include adjustments that relate each country in 2016. The following columns break this total down into principally to transactions between Barclays businesses in different its constituent parts. Most of the taxes paid in any given year will not countries which are included within the individual country turnover, relatedirectlytotheprofitsearnedinthatyear.Forexample,banklevyis but are then eliminated in determining the overall Group results to avoid a tax on the amount and way we fund ourselves and is paid regardless double counting. Intra-group eliminations include dividend payments, ofwhetherornotwemakeanyprofit. income from intra-group transfers of assets, and income arising from Corporation tax paid: This column records corporation tax actually hedging transactions that occur at a consolidated Barclays Group level paid in each country in 2016. Corporation tax payable in any given year rather than an individual entity level. rarelyrelatesdirectlytotheprofitsearnedinthesame12months.This The comparable information for 2015 can be found on our isbecausetaxonprofitsispaidacrossmultipleyears,andtaxable website at home.barclays/citizenship/reports-and- profitsarecalculatedasprescribedbytaxlawwhichusuallyresultsin publications/country-snapshot.html differencesbetweenaccountingandtaxableprofits.Thismeansit is possible that relatively high corporation tax can be paid when accountingprofitsarelowandvice-versa.Theamountoftaxpaidshown inthefinancialstatementsalsoincludeswithholdingtaxes.Withholding taxes comprise the tax charged on dividends or other income received, which is typically paid at the point of a distribution from one country to another. We have kept these amounts separate from corporation tax paid by country in the table above. BarclaysPLCCountrySnapshot2016 • 16

Registeredoffice:1ChurchillPlace,LondonE145HP © Barclays Bank PLC 2017 Registered in England. Registered No: 48839 DesignedbyFleishmanHillardFishburn www.fhflondon.co.uk