Global Trade Alert
Global Trade Alert

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

Announcement

08 Jul 2015

In July 2015, the British government announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

08 Jul 2015

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

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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