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]
Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.
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Investors in BT
Investor disclosures found
Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.
Selected threshold notifications, not a complete shareholder register. Percentages describe the notification date and may have changed without crossing another disclosure threshold. Asset managers can report holdings managed for funds and clients.
Selected threshold notifications, not a complete shareholder register. Percentages describe the notification date and may have changed without crossing another disclosure threshold. Asset managers can report holdings managed for funds and clients.
Selected threshold notifications, not a complete shareholder register. Percentages describe the notification date and may have changed without crossing another disclosure threshold. Asset managers can report holdings managed for funds and clients.
Selected threshold notifications, not a complete shareholder register. Percentages describe the notification date and may have changed without crossing another disclosure threshold. Asset managers can report holdings managed for funds and clients.
Norway's sovereign fund, managed by Norges Bank Investment Management. The percentage is equity ownership in the named listed issuer, rounded as published. Linked brands can be subsidiaries or portfolio businesses; this is not a direct brand stake or a complete shareholder list.
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.
Companies House · Legal name, company number, domestic company type and incorporation. UK registration does not establish headquarters or tax residence; a constituent jurisdiction is not inferred from a registered-office address.