This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
We are analysing your feedback
Visit this page again soon to download the outcome to this public feedback.
Summary
This consultation considers the detailed design of the government’s proposal to make banks’ compensation payments non-deductible for corporation tax purposes.
This consultation ran from to
Consultation description
Compensation payments associated with banks’ misconduct and misselling have had a significant impact on UK corporation tax receipts post-crisis.
The government does not believe that this is sustainable and, at Budget 2015, the Chancellor announced the intention to make banks’ future compensation payments non-deductible for corporation tax purposes.
This consultation considers the detailed design of the measure ahead of legislation in a future Finance Bill.
This file may not be suitable for users of assistive technology.
Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.