Tag: Mark Hoban

• Thursday, December 9th 2010 - 15:46 UTC

  UK Treasury increases bank levies, ‘fair contribution to the public coffers’

  

  The United Kingdom Treasury has raised the rate it will impose on banks under its new levy in 2011 and 2012. The Treasury said in draft legislation for the Finance Bill 2011 that the levy for 2011 will be 0.05% of total liabilities rather than the 0.04% announced in June. The levy for 2012 will rise to 0.075% instead of the previously proposed plan levy of 0.07%.