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Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Thursday, 8 December 2011.


Banking: Levy

Question
To ask Her Majesty’s Government whether they have carried out an assessment of how much of the bank levy will be absorbed by banks, and how much will be passed on to customers.
Answer

Information on the expected impacts of the bank levy was published as part of the March Budget, in the relevant tax information and impact note. A link to the document is given here: http://www.hmrc. gov.uk/budget2011/tiin6123.pdf.


Secondary information

Type
Written question
Reference
13843; 733 c189WA
Session
2010-12
Subjects
Bank levy
Link
View this Written question on www.publications.parliament.uk