Our Tax Strategy

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 2023

We 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.

Jeff Carr

Chief Financial Officer

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}

Gender pay and inclusion report

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.

See our latest Annual Report and Sustainability Insights

Tax Strategy and Sustainability

Planning for sustainability

Sustainability and business success are inextricably linked. Businesses will only succeed in the long term if they are aware of the impact they have on people and the planet, work to create a more positive impact, and are transparent about how they do it.

As a responsible business, Reckitt is looking to embed sustainability into all our operations and innovations. Not only does this ensure we have a more positive impact on the communities we serve and the wider society we live in, it adds value for our business and stakeholders by mitigating against future risk. We recognise the importance of investing in innovation, both to deliver the highest quality and sustainable products. We partner with responsible businesses across our supply chain and in the communities we serve to drive more sustainable choices. Plastic packaging tax ensures our packaging and procurement teams work hard to source packaging that both maintains our product quality and supports our commitment to becoming a more sustainable business.