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Taxation: Banks

Volume 498: debated on Tuesday 27 October 2009

To ask the Chancellor of the Exchequer what estimate he has made of the monetary value of tax losses being carried forward by banks from financial years (a) 2007-08 and (b) 2008-09. (296184)

Historical figures for Corporation Tax paid by the financial sector are published in table 11.1, on the HMRC website. However, it is not possible to publish HMRC estimates of the loss position of UK banks due to rules protecting taxpayer confidentiality.