UK banks face a new 8% surcharge on

UK banks face a new 8% surcharge on their profits from next year that will replace the increasingly unpopular bank levy which some banks, like HSBC, have said could force them to move overseas.

Delivering his Summer Budget in the House of Commons, Chancellor George Osborne said that he would reduce the level of bank levy, which currently raises around £3 billion a year, over the next six years.

At the end of that time he plans to remove it altogether from being charged on their worldwide assets.

He said that the new bank surcharge - likely to be based on 8% of what they currently pay in corporation tax - would raise more than the bank levy currently collected. It will be introduced from January 2016.

George Osborne said: “The bank levy worked but it now risks doing damage to Britain as a financial centre. Banks make a big contribution to our eceonomy. It is important that they pay down the debts created in the financial crisis.”

Bank shares rose on his announcement.

Clifford Chance tax partner, Dan Neidle, said: “The bank levy is simply a bad tax. It pushes business away from the UK, and it penalises banks for engaging in low risk business.

“Nobody will be sorry to see the back of it. Replacing it with a simple corporation tax surcharge makes much more sense.’’

The Chancellor also confirmed that the sell-off the taxpayers’s 79% stake in Royal Bank of Scotland would start this year.

He said more money would be raised through state asset sales than the previous record set in 1987.

Результаты (русский) 1:

UK banks face a new 8% surcharge on their profits from next year that will replace the increasingly unpopular bank levy which some banks, like HSBC, have said could force them to move overseas.Delivering his Summer Budget in the House of Commons, Chancellor George Osborne said that he would reduce the level of bank levy, which currently raises around £3 billion a year, over the next six years.At the end of that time he plans to remove it altogether from being charged on their worldwide assets.He said that the new bank surcharge - likely to be based on 8% of what they currently pay in corporation tax - would raise more than the bank levy currently collected. It will be introduced from January 2016.George Osborne said: “The bank levy worked but it now risks doing damage to Britain as a financial centre. Banks make a big contribution to our eceonomy. It is important that they pay down the debts created in the financial crisis.”Bank shares rose on his announcement.Clifford Chance tax partner, Dan Neidle, said: “The bank levy is simply a bad tax. It pushes business away from the UK, and it penalises banks for engaging in low risk business.“Nobody will be sorry to see the back of it. Replacing it with a simple corporation tax surcharge makes much more sense.’’The Chancellor also confirmed that the sell-off the taxpayers’s 79% stake in Royal Bank of Scotland would start this year.Он сказал, что больше денег будет поднят через продажи государственных активов, чем предыдущий рекорд, установленный в 1987 году.

Результаты (русский) 3:

Великобритания банки сталкиваются с новой 8% надбавки на их доходы в начале следующего года, будет заменить все банк Леви, некоторые банки, как и HSBC, может заставить их двигаться за рубежом.ветровому доставлять его лето бюджета в палате общин, канцлер Джордж Осборн говорит, что он хотел бы сократить уровень банк Леви, который в настоящее время возникает вокруг £3 млрд. в год, в течение шести лет.

в конце этого времени он планирует вообще снять зарядке от их во всем мире.ветровому он говорит, что новый банк плату - по всей вероятности 8% в настоящее время они платят подоходный налог - не будет больше, чем в банке Леви в настоящее время собирать. Он будет внесен на рассмотрение на январь 2016.ветровому Джордж Осборн заявил: