Liam Fox

Conservative MP for North Somerset

@LiamFox https://facebook.com/drliamfox

Taxation of Banks

There have been votes in Parliament on taxation of banks. The "banking levy" is one such tax: it is charged annually based on the amount a bank holds in assets,.

Photo: bram_souffreau

Liam Fox voted a mixture of for and against higher taxes on banks

TheyWorkForYou has automatically calculated this MP’s stance based on all of their votes on the topic. You can browse the source data on PublicWhip.org.uk.

Key votes about higher taxes on banks:

  • On 2 Feb 2022: Liam Fox was absent for a vote on Finance (No. 2) Bill — Third Reading Show vote
  • On 1 Dec 2021: Liam Fox was absent for a vote on Finance (No. 2) Bill — Clause 6 — Rate of Surcharge and Surcharge Allowance — Tax on Bank Profits Show vote
  • On 16 Nov 2021: Liam Fox was absent for a vote on Finance (No. 2) Bill — Decline Second Reading Show vote
  • On 16 Nov 2021: Liam Fox was absent for a vote on Finance (No. 2) Bill — Second Reading Show vote
  • On 21 Feb 2018: Liam Fox voted in favour of excluding overseas activities of UK headquartered banking groups from the bank levy, and in favour of reducing stamp duty for first time buyers of homes in transactions of up to £500,000. Show vote
  • On 18 Dec 2017: Liam Fox voted to exclude certain overseas elements of UK banking groups from the bank levy annual tax. Show vote
  • On 11 Dec 2017: Liam Fox was absent for a vote on Finance (No. 2) Bill — Decline Second Reading Show vote
  • On 11 Dec 2017: Liam Fox was absent for a vote on Finance (No. 2) Bill — Second Reading Show vote
  • On 28 Nov 2017: Liam Fox was absent for a vote on Budget Resolution 28 — Bank Levy Show vote
  • On 26 Oct 2015: Liam Fox voted for the measures in the Finance Bill including an increase in the income tax personal allowance, and to cap the rates of VAT and income tax at their existing rates until the next general election. Show vote
  • On 21 Jul 2015: Liam Fox voted for the measures in the Finance Bill including an increase in the income tax personal allowance, and to cap the rates of VAT and income tax at their existing rates until the next general election. Show vote
  • On 21 Jul 2015: Liam Fox voted for the measures in the Finance Bill including an increase in the income tax personal allowance, and to cap the rates of VAT and income tax at their existing rates until the next general election. Show vote
  • On 25 Mar 2015: Liam Fox voted for a series of taxation related measures including increasing the personal income tax free allowance and increasing the threshold at which higher rate tax is charged. Show vote
  • On 23 Mar 2015: Liam Fox voted to approve the March 2015 budget which contained plans to spend £76bn more than was expected to be taken in and introduced a help to buy ISA, reduced corporation tax and increased spending on mental health by around £300m/year. Show vote
  • On 25 Mar 2014: Liam Fox was absent for a vote on Budget Resolution — The Bank Levy Show vote
  • On 19 Nov 2013: Liam Fox voted against increasing the amount of free child care offered to parents of 3 and 4 year olds from 15 to 25 hours Show vote
  • On 5 Jul 2011: Liam Fox was absent for a vote on Finance Bill — Third Reading Show vote
  • On 26 Apr 2011: Liam Fox was absent for a vote on Finance Bill — Reject Second Reading Show vote
  • On 26 Apr 2011: Liam Fox was absent for a vote on Finance Bill 2011 — Second Reading Show vote

Note for journalists and researchers: The data on this page may be used freely, on condition that TheyWorkForYou.com is cited as the source.

For an explanation of the vote descriptions please see our page about voting information on TheyWorkForYou.

Profile photo: © Parliament (CC-BY 3.0)