Tag Archives: banks

Greece to Use Banks to Collect VAT at Source

Greece has brought in a law to make banks collect VAT at source out of B2B transactions over €3,000 and B2C over €1,500. The idea is the banks hand over the VAT to the tax authorities inside a week, so … Continue reading

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Budget – Bank Mis-Selling Tax Loophole Closed

A tax loophole used by the banks to make, even more, profit, from mis-selling is to be closed it was announced in the Budget. Currently banks can claim tax relief against the full provisions they set aside for mis-selling. All … Continue reading

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Tax on Banks – Smoke and Mirrors

UK banks paid a high figure in tax, according to a report from a big consultancy firm. Well they would say that wouldn’t they? But as a tax barrister I am worried about the multi-£billions of taxpayers money used to … Continue reading

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