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

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