Policy paper
Amendments to the surcharge on banking companies
This Tax Information and Impact Note sets out the rate of the surcharge on banking companies and the allowance above which banking companies pay the surcharge.
Documents
Details
This measure sets the rate of the surcharge on banking companies at 3% and the surcharge allowance at £100 million.
The measure will have effect from 1 April 2023.
Updates to this page
Published 27 October 2021