Closed consultation

A bank levy banding approach

• From: HM Treasury
• Published: 27 March 2014
• Last updated: 27 March 2014 — See all updates

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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Summary

A consultation considering the case for a revenue neutral reform of the bank levy, which would move away from the existing system of headline rates and towards a banding approach for determining banks’ charges.

This consultation ran from
1:15pm on 27 March 2014 to 11:45pm on 8 May 2014

Consultation description

This consultation considers the case for a revenue neutral reform of the bank levy, with the aim of increasing the predictability and sustainability of bank levy receipts.

This would move away from the existing system of headline rates and towards a banding approach for determining banks’ charges under the levy.

If the government decides to make changes to the bank levy’s design in response to this consultation, the intention is to introduce legislation at the Report Stage of Finance Bill 2014.

Documents

A bank levy banding approach: consultation

Ref: ISBN 978-1-909790-92-6, PU1645

PDF, 236 KB, 20 pages

Published 27 March 2014
Last updated 27 March 2014 + show all updates

1. 27 March 2014

   Updated consultation document published with corrections on pages 8 and 9, headings for first chargeable band under illustrative models A to E: unit £m to £bn.

2. 27 March 2014

   First published.