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) |
imported>Doug Williamson (Add link.) |
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*[[Tax]] | *[[Tax]] | ||
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Revision as of 13:43, 24 August 2016
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 rates are scheduled to reduce annually, over the period 2016 to 2021.
The rate on short term liabilities in 2016 is 0.18% per annum, falling to 0.10% by 2021.
The rates on longer term liabilities are half the rates on short term liabilities.
