Britain's top 10 UK banks may pay 6 bln stg a year in tax -EY

September 7, 2015 3:51 PM

43 0

LONDON, Sept 7 Ten of Britain's biggest banks could pay almost 6 billion pounds ($9.2 billion) a year between them in tax as a new surcharge on profits is phased in, accounting firm EY said on Monday.

British Finance Minister George Osborne said in July he planned to replace an existing levy on bank balance sheets with an 8 percent charge on profits, alongside a pledge to keep Britain a "highly attractive" location for banks.

Also read: 2 Abu Dhabi banks to merge into largest Gulf Arab bank

Read more

To category page

Loading...