UK Bank Corporation Tax surcharge: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: HMRC https://www.gov.uk/government/publications/bank-corporation-tax-surcharge/bank-corporation-tax-surcharge) |
(Add link.) |
||
| (2 intermediate revisions by one other user not shown) | |||
| Line 1: | Line 1: | ||
''UK tax - banking.'' | ''UK tax - banking.'' | ||
The UK Bank Corporation Tax surcharge | 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]] | |||
* [[Surtax]] | |||
* [[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]] | |||
Latest revision as of 11:52, 23 November 2023
UK tax - banking.
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.
See also
