Public Accounts CommitteeSupplementary written evidence from Deloitte

At the evidence session yesterday, I promised to write with details of the profit Deloitte LLP’s UK tax practice earned in the financial year to 31 May 2012. The figures below come from Note 3 to our audited accounts.

The UK firm’s total Operating Profit was £633 million and the operating profit from tax services was £183 million—29% of this total. The profitability of the different service lines varies year-on-year. The Profit before Tax and provision for partner annuities was £560 million.

W J I Dodwell
Tax Policy Group

1 February 2013