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United Kingdom · Question · Written question

UIN 147427

Banks: Taxation

answeredUnited Kingdom· UK Parliament· EN

Introduced

17 February 2023

Last action

27 February 2023 · Answer

Status

Answered

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Subjects

Taxation

Source updated

27 February 2023

Taxation

Summary

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing the bank corporation tax surcharge to 35 per cent.

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Timeline

  1. 17 February 2023

    Written question

    To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing the bank corporation tax surcharge to 35 per cent.

    Source: Commons

  2. 27 February 2023

    Answer

    According to recent reports by UK Finance, the UK banking sector currently employs close to half a million people, with almost two thirds outside London, and contributes nearly £39 billion in tax revenue. The Government believes that a much higher combine...

    Source: Written answer

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