Nicholas Brown – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Nicholas Brown on 2015-10-20.

To ask Mr Chancellor of the Exchequer, what his policy is on the introduction of a financial transaction tax in (a) the UK and (b) partnership with other taxation authorities.

Harriett Baldwin

The UK has a financial transaction tax. Stamp tax on shares raises significant revenue from transactions in UK equities.

The UK has no plans to introduce a financial transaction tax in partnership with other tax authorities. Such a tax would only be effective if applied globally, and there is currently no prospect of global agreement.