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

Hilary Benn 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.

All votes about higher taxes on banks:

  • On 21 Feb 2018: Hilary Benn 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: Hilary Benn voted against excluding certain overseas elements of UK banking groups from the bank levy annual tax. Show vote
  • On 11 Dec 2017: Hilary Benn 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: Hilary Benn 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: Hilary Benn voted against narrowing the scope of the bank levy tax so it is calculated only on the basis of a bank's UK assets; against excluding overseas activities of UK headquartered banking groups from the charge. Show vote
  • On 26 Oct 2015: Hilary Benn was absent for a vote on Finance Bill 2015-16 — Third Reading Show vote
  • On 21 Jul 2015: Hilary Benn was absent for a vote on Finance Bill 2015-16 — Decline Second Reading Show vote
  • On 21 Jul 2015: Hilary Benn was absent for a vote on Finance Bill 2015-16 — Second Reading Show vote
  • On 25 Mar 2015: Hilary Benn 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: Hilary Benn voted against the 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: Hilary Benn voted against increasing the rate of the bank levy tax and against changes aimed at improving the operational efficiency of the levy. Show vote
  • On 19 Nov 2013: Hilary Benn voted to increase 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: Hilary Benn voted against measures in the 2011 Budget including reducing the threshold 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: Hilary Benn 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: Hilary Benn voted against measures in the 2011 Budget including reducing the threshold 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

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

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