Written Question·Treasury·UIN 190746
Banks: Taxation
Tabled: 21 June 2023
Answered: 26 June 2023
Named DayQuestion
Mr Tanmanjeet Singh Dhesi
Labour — Slough
To ask the Chancellor of the Exchequer, whether he has made an recent assessment of the adequacy of rate of taxation applicable to the banking sector.
Answer
Andrew GriffithThe Government recognises the need for the tax system to maintain the balance between revenue and competitiveness for the UK banking sector. The banking sector faces two additional taxes in the form of the bank levy and the bank corporation tax surcharge,...
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