Corporate report
The Code of Practice on Taxation for Banks Annual Report 2023
This report on the operation of the code covers the period from 1 April 2022 to 31 March 2023.
Documents
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.
Updates to this page
Published 7 December 2023