Challenger banks urge Healey to raise tax surcharge threshold
Summarised from 2 outlets · Updated 28 Sept, 12:36 · Archive
Challenger banks including Revolut and Monzo have urged the chancellor to raise the threshold for an additional tax on UK lenders.
Challenger banks including Revolut, Monzo, Shawbrook, Investec, Aldemore and OSB have written to Chancellor John Healey ahead of the budget, calling for the threshold at which UK lenders face an additional tax surcharge to be raised. The banks are seeking to remove the threat of an immediate tax raid on the sector.
How it is being reported
- Revolut and Monzo urge Healey to raise bank tax thresholdCity AM · 28 Sept, 12:26
- Revolut and banking rivals urge Healey to raise tax surcharge threshold in budgetSky News Business · 28 Sept, 10:09
In this story: Revolut · Monzo · Shawbrook · Investec · Aldemore · OSB · John Healey · UK
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