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
