Jim Shannon – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Jim Shannon on 2016-03-01.

To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that bank dividends are properly taxed.

Harriett Baldwin

Banks are taxed on their dividend receipts according to the same rules as other companies. We have robust anti-avoidance legislation in place to ensure that these rules are not abused, including the General Anti-Abuse Rule which was legislated in Finance Act 2013.