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Global Trade Alert

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UK: Higher taxes for foreign fund managers and canceled bank levy for overseas bank subsidiaries announced in summer 2015 budget

Description

On 8 July 2015, the Chancellor announced the summer budget for 2015. Canceled bank levy for overseas bank subsidiaries Starting in 2021, overseas' subsidiaries of UK banks will no longer have to pa...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

08 Jul 2015

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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