PBR 09: Bankers hit with one-off 50% bonus levy
Darling issues ultimatum to banks: build up capital cushion or suffer hit to any bonus higher than £25,000
Darling issues ultimatum to banks: build up capital cushion or suffer hit to any bonus higher than £25,000
Alistair Darling has , but has hit the banking sector with a one-off levy on
any bonus worth more than £25,000 to put £500m back into the UK’s coffers.
He stopped short of hitting the banking sector with a windfall tax, but
issued an ultimatum for them to use profits to build up their capital cushions
or face the heavy tax on bonuses after benefiting from the government’s help.
The banks, not the employees will be responsible for paying.
More about:
The numbers you crunch tell a story. Your expertis...
14yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleCarter Backer Winter tax partner Robert Maas assesses the chancellor's work in the Autumn Statement 2015 Read More...
View articleColin enjoyed the irony in Autumn Statement and Black Friday coinciding Read More...
View articleWith a virtual windfall finding its way to George Osborne, a soon-to-be virtual tax department will need to really up its game to increase tax receipt...
View articleJohn Whiting looks at what the Autumn Statement had to say on tax simplification Read More...
View articleA round-up of the papers' reactions to this week's Autumn Statement Read More...
View articleRelief for tax resident non UK domiciled individuals to be reviewed Read More...
View articleSpending Review and policy decisions mean tens of billions of pounds should be in the Treasury's coffers based on Osborne's plans - but there's little...
View articlePenalties of up to 60% of tax due could be levied on tax avoidance schemes caught by GAAR Read More...
View article