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
