Corporate report

The Code of Practice on Taxation for Banks Annual Report 2022

This report on the operation of the code covers the period from 1 April 2021 to 31 March 2022.

• From: HM Revenue & Customs
• Published: 8 December 2022

Documents

The Code of Practice on Taxation for Banks Annual Report 2022

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Annex A: List of banks that had adopted the Code at 31 March 2022

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Annex B: List of banks that had not adopted the Code at 31 March 2022

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Details

The Code of Practice on Taxation for Banks was first introduced in 2009 and was strengthened in 2013, in particular to introduce more transparency. The strengthening of the code at Finance Act 2014 provided that HMRC is required to publish an annual report on the operation of the code.

The report lists banks that have adopted the code, identifies any bank that has not adopted it, and can identify any bank that is found to be in breach of its code commitments.

The report also covers the work that HMRC has done to monitor code compliance and how we address concerns when they arise around the code.

Published 8 December 2022