Banks: Corporation Tax

(asked on 2nd November 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the impact of the increase in corporation tax on UK bank profits ​in each of the next ten financial years.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 10th November 2021

The Exchequer impacts of the increase in corporation taxes announced in the 2021 Spring Budget are set out in table 5.2 of the Autumn Budget and Spending Review document.

https://www.gov.uk/government/publications/autumn-budget-and-spending-review-2021-documents

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