Duncan Hames – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Duncan Hames on 2014-06-18.

To ask Mr Chancellor of the Exchequer, what revenues have been received under the bank levy in each year since its introduction.

Andrea Leadsom

The bank levy, a permanent tax on banks’ balance sheet equity and liabilities, was introduced by this Government from 1 January 2011.

It raised £1.6bn in both 2011-12 and 2012-13.

Following a number of increases to the headline rate, the OBR now forecast it to raise £2.3bn in 2013-14, £2.7bn in 2014-15 and £2.9bn a year from 2015-16.