UK Bank Corporation Tax surcharge

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

• Bank
• Corporation Tax (CT)
• Surcharge
• Taxable profits
• Tax relief
• UK Bank Levy

See also

• Amendments to the surcharge on banking companies - UK HM Revenue & Customs