UK Bank Corporation Tax surcharge - Revision history

Doug: Add link.

2023-11-23T11:52:40Z

Add link.

← Older revision		Revision as of 11:52, 23 November 2023
Line 13:		Line 13:
	* [[Corporation Tax]] (CT)		* [[Corporation Tax]] (CT)
	* [[Surcharge]]		* [[Surcharge]]
			* [[Surtax]]
	* [[Taxable profits]]		* [[Taxable profits]]
	* [[Tax relief]]		* [[Tax relief]]

imported>Doug Williamson: Generalise. Classify page.

2022-03-10T17:22:26Z

Generalise. Classify page.

← Older revision		Revision as of 17:22, 10 March 2022
Line 1:		Line 1:
	''UK tax - banking.''		''UK tax - banking.''

	The UK Bank Corporation Tax surcharge ~~imposes~~ an 8% additional tax on the profits of banks, with effect from 2016.		The UK Bank Corporation Tax surcharge imposed an additional tax on the profits of banks, with effect from 2016.

	The profits are calculated on broadly the same basis as UK Corporation Tax (CT) profits. Some CT reliefs are disallowed for the purposes of calculating the surcharge, resulting in greater taxable profits and a larger surcharge.
			The profits are calculated on broadly the same basis as UK Corporation Tax (CT) profits.

			Some CT reliefs are disallowed for the purposes of calculating the surcharge, resulting in greater taxable profits and a larger surcharge.


	== See also ==		== See also ==
	* [[Bank]]		* [[Bank]]
	* [[Corporation Tax]]		* [[Corporation Tax]] (CT)
			* [[Surcharge]]
			* [[Taxable profits]]
			* [[Tax relief]]
	*[[UK Bank Levy]]		*[[UK Bank Levy]]


			==See also==
			*[https://www.gov.uk/government/publications/amendments-to-the-surcharge-on-banking-companies/amendments-to-the-surcharge-on-banking-companies Amendments to the surcharge on banking companies - UK HM Revenue & Customs]

			[[Category:Accounting,_tax_and_regulation]]

imported>Doug Williamson: Simplify.

2016-08-24T14:04:29Z

Simplify.

← Older revision		Revision as of 14:04, 24 August 2016
Line 1:		Line 1:
	''UK tax - banking.''		''UK tax - banking.''

	The UK Bank Corporation Tax surcharge imposes an 8% additional tax on the profits of ~~banking companies~~, with effect from 2016.		The UK Bank Corporation Tax surcharge imposes an 8% additional tax on the profits of banks, with effect from 2016.

	The profits are calculated on broadly the same basis as UK Corporation Tax (CT) profits. Some CT reliefs are disallowed for the purposes of calculating the surcharge, resulting in greater taxable profits and a larger surcharge.		The profits are calculated on broadly the same basis as UK Corporation Tax (CT) profits. Some CT reliefs are disallowed for the purposes of calculating the surcharge, resulting in greater taxable profits and a larger surcharge.

imported>Doug Williamson: Create the page. Source: HMRC https://www.gov.uk/government/publications/bank-corporation-tax-surcharge/bank-corporation-tax-surcharge

2016-08-24T14:03:48Z

Create the page. Source: HMRC https://www.gov.uk/government/publications/bank-corporation-tax-surcharge/bank-corporation-tax-surcharge

New page

''UK tax - banking.''

The UK Bank Corporation Tax surcharge imposes an 8% additional tax on the profits of banking companies, with effect from 2016.

The profits are calculated on broadly the same basis as UK Corporation Tax (CT) profits. Some CT reliefs are disallowed for the purposes of calculating the surcharge, resulting in greater taxable profits and a larger surcharge.

== See also ==
* [[Bank]]
* [[Corporation Tax]]
*[[UK Bank Levy]]