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

Margaret Hodge 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 21 Feb 2018: Margaret Hodge voted against excluding overseas activities of UK headquartered banking groups from the bank levy, and against reducing stamp duty for first time buyers of homes in transactions of up to £500,000. Show vote
  • On 18 Dec 2017: Margaret Hodge was absent for a vote on Finance (No. 2) Bill — Schedule 9 — Bank Levy — Exclusion of Overseas Elements of UK Banking Groups Show vote
  • On 11 Dec 2017: Margaret Hodge voted against excluding overseas activities of UK headquartered banking groups from the bank levy, and against reducing stamp duty for first time buyers of homes in transactions of up to £500,000. Show vote
  • On 11 Dec 2017: Margaret Hodge voted against excluding overseas activities of UK headquartered banking groups from the bank levy, and against reducing stamp duty for first time buyers of homes in transactions of up to £500,000. Show vote
  • On 28 Nov 2017: Margaret Hodge was absent for a vote on Budget Resolution 28 — Bank Levy Show vote
  • On 26 Oct 2015: Margaret Hodge voted against the measures in the Finance Bill including against an increase in the income tax personal allowance, and against capping the rates of VAT and income tax at their existing rates until the next general election. Show vote
  • On 21 Jul 2015: Margaret Hodge was absent for a vote on Finance Bill 2015-16 — Decline Second Reading Show vote
  • On 21 Jul 2015: Margaret Hodge was absent for a vote on Finance Bill 2015-16 — Second Reading Show vote
  • On 25 Mar 2015: Margaret Hodge voted against 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: Margaret Hodge was absent for a vote on March 2015 Budget Show vote
  • On 25 Mar 2014: Margaret Hodge was absent for a vote on Budget Resolution — The Bank Levy Show vote
  • On 19 Nov 2013: Margaret Hodge was absent for a vote on Opposition Day — Free Child Care for Parents of 3-4 Year Olds Show vote
  • On 5 Jul 2011: Margaret Hodge was absent for a vote on Finance Bill — Third Reading Show vote
  • On 26 Apr 2011: Margaret Hodge voted against measures in the 2011 Budget including reducing the threashold for paying higher rate income tax, increasing the income tax free personal allowance, reducing corporation tax and reducing the main rate of corporation tax from 27 to 26%. Show vote
  • On 26 Apr 2011: Margaret Hodge was absent for a vote on Finance Bill 2011 — Second Reading Show vote

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

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