Who Owns
the Gaff?
Explore companies

Telecommunications

BT

Profile reviewed

BT, EE and Openreach are businesses within BT Group plc. The shareholder-owned telecommunications group has its headquarters in London. [1][3][4]

01 / Behind the name

Who owns BT?

Publicly listed · shareholder-owned group [4]

  1. 01
    Principal operating subsidiary

    British Telecommunications plc [1]

    As reported · 31 Mar 2026
  2. 02
    Ultimate parent

    BT Group plc [1]

    As reported · 31 Mar 2026
  3. 03
    Owners of the listed parent

    Public shareholders [4]

    As reported · 27 Sept 2026

The chain shows the principal BT operating company. EE Limited and Openreach Limited are also listed as wholly owned group undertakings; their intermediate holding companies are omitted. This is not a breakdown of individual shareholder stakes. [1][4]

02 / On the map

Where is it based?

Ultimate parent
BT Group plc [1]
Group headquarters
London, United Kingdom [3]
Parent incorporated in
England and Wales [3]

Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.

03 / The figures, with context

What does it report in UK tax?

The 2026 Tax Strategy reports 2024/25 payments: no new UK corporation-tax payment and a £102m refund relating to earlier years. The negative figure below records that net refund. The 2025/26 annual cash-flow total is worldwide.

United Kingdom2024/25

UK corporation tax paid / (refunded)

-£102mCash refund

BT Group · UK
Period ending 31 Mar 2025

Net refund of £102m, received for earlier years. Printed pages 1–3 of the 2026 Tax Strategy relate to FY25, ending 31 March 2025; this is not a 2025/26 payment or a deferred-tax credit. [2]

United Kingdom2025/26

UK corporation tax paid

Not yet verifiedCash payment

BT Group · UK
Period ending 31 Mar 2026

The newer annual financial statements have been reviewed, but an equivalent UK-only cash figure has not been verified. The dated 2024/25 refund remains the headline. [1]

Consolidated group2025/26

Group income taxes paid, net

£58mCash payment

BT Group · worldwide
Period ending 31 Mar 2026

Consolidated cash-flow outflow on printed page 138. It is not a UK-only payment. [1]

United Kingdom2024/25

Total UK tax contribution

£3.4bnTaxes borne + taxes collected

BT Group · UK
Period ending 31 Mar 2025

£765m taxes borne, including the refund, plus £2,681m collected for government. Includes business rates, National Insurance, VAT and payroll deductions. Printed page 2. [2]

These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.

Understand the measures

04 / Check our working

The public record.

Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.

  1. 01
    BT Group plc Annual Report 2026: financial statements (opens in a new tab)

    BT Group plc · Printed pp. 138 (cash flow), 194 and 218 (BT plc), 222 (EE and Openreach); financial-statements extract

    Accessed 26 Sept 2026
  2. 02
    BT Group plc Tax Strategy 2026 (opens in a new tab)

    BT Group plc · Printed pp. 1–3 (FY25 period, UK refund, total contribution); PDF pages 2–4

    Accessed 26 Sept 2026
  3. 03
    Contact BT: BT Group headquarters (opens in a new tab)

    BT Group plc · 1 Braham Street, London; England and Wales registration 4190816

    Accessed 27 Sept 2026
  4. 04
    Shareholder administration: FAQs (opens in a new tab)

    BT Group plc · BT Group incorporation and share trading; shareholder voting and administration

    Accessed 27 Sept 2026