Consultations & legislation
Bank Levy: a consultation
Issued: 13 July 2010
Open date: 13 July 2010
Close date: 05 October 2010
The Government has launched a consultation on the design and implementation of a bank levy. This consultation sets out proposals to address a number of operational issues around design and implementation, including definitions of who will pay the tax
The consultation follows the Chancellor’s announcement to introduce a bank levy in the June Budget. The Government believes that banks should make a fair contribution to the system, which reflects the risks they pose, and should be discouraged from risky funding practices.
The levy complements the wider agenda to improve regulatory standards and financial stability.
The Government would like to hear the views of business, as well as the views of representative bodies and tax advisers, on the proposals set out in this consultation document.
The documents below are available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
Bank Levy update
The Government's response to the consultation and the latest status of the legislation can be found on the Bank Levy policy page.
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