Reckitt's approach to Tax
Tax regulation around the world is increasingly complex. It’s therefore important that business supports efforts to increase trust and understanding of the tax system. In the UK, all large companies are required to publish their tax strategies annually. We are fully aligned with HMRC’s goal of improving tax transparency and follow a clearly defined and rigorously monitored Tax Policy, the principles of which are outlined in our Tax Strategy Report.
Download our Tax Strategy Report 2023We are working towards making more granular tax and financial information public by territory in the coming year. This will include our Full Year 2023 Country by Country report.
Reckitt by numbers
We operate in over 60 countries across six continents, and our products are sold in nearly every country in the world.
2022 | 2021 | 2020 | |
Net Revenue | £14.5bn | £13.2bn | £14bn |
Adjusted profit before tax | £3,162m | £2,654m | £3,040m |
Adjusted income tax expense | £691 | £584m | £690m |
Adjusted effective tax rate | 22% | 22% | 23% |
*Financial years ended 31 December 2021 - 31 December 2022
Tax Paid
In the year ended 31 December 2022, the Group paid £831m in corporate income tax worldwide. In addition to taxes generated, Reckitt also contributes to the economy by creating employment, developing workforce skills, making capital investments, purchasing goods and services from local suppliers where possible and making direct social impact investments.
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2022 tax strategy
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Download PDF2020 tax strategy
Download PDF2019 tax strategy
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Download PDF2017 tax strategy
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