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