UK Bank Levy: Difference between revisions
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imported>Doug Williamson (Create the page. Source: FT Lexicon & HMRC webpage: https://www.gov.uk/government/publications/bank-levy-rate-reduction/bank-levy-rate-reduction) |
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A tax payable by large banks and building societies in the UK, based on their total liabilities, both short and long term. | A tax payable by large banks and building societies in the UK, based on their total liabilities, both short and long term. | ||
The rate on short term liabilities in 2016 | The rate reduced annually for the period 2016 to 2021. | ||
The rate on short term liabilities in 2016 was initially 0.18% per annum, falling progressively to 0.10% by 2021. | |||
The rates on longer term liabilities are half the rates on short term liabilities. | The rates on longer term liabilities are half the rates on short term liabilities. | ||
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==See also== | ==See also== | ||
*[[Bank]] | *[[Bank]] | ||
*[[Levy]] | |||
*[[Tax]] | *[[Tax]] | ||
*[[UK Bank Corporation Tax surcharge]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 07:37, 10 January 2024
UK tax.
A tax payable by large banks and building societies in the UK, based on their total liabilities, both short and long term.
The rate reduced annually for the period 2016 to 2021.
The rate on short term liabilities in 2016 was initially 0.18% per annum, falling progressively to 0.10% by 2021.
The rates on longer term liabilities are half the rates on short term liabilities.
