Stuart McDonald

Shadow SNP Spokesperson (Justice)

Scottish National Party MP for Cumbernauld, Kilsyth and Kirkintilloch East

@stuart_mcdonald https://facebook.com/Stuart-McDonald-For-Cumbernauld-Kilsyth-Kirkintilloch-East-981195631909269

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

Stuart McDonald consistently voted for 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: Stuart McDonald voted against a range of tax and pensions provisions including keeping key income tax rates unchanged and against raising the normal pension age to 57 from 6 April 2028. Show vote
  • On 1 Dec 2021: Stuart McDonald voted not to reduce tax on bank profits. Show vote
  • On 16 Nov 2021: Stuart McDonald voted against a range of tax and pensions provisions including keeping key income tax rates unchanged and against raising the normal pension age to 57 from 6 April 2028. Show vote
  • On 16 Nov 2021: Stuart McDonald voted against a range of tax and pensions provisions including keeping key income tax rates unchanged and against raising the normal pension age to 57 from 6 April 2028. Show vote
  • On 21 Feb 2018: Stuart McDonald was absent for a vote on Finance (No. 2) Bill — Third Reading Show vote
  • On 18 Dec 2017: Stuart McDonald voted against excluding certain overseas elements of UK banking groups from the bank levy annual tax. Show vote
  • On 11 Dec 2017: Stuart McDonald 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: Stuart McDonald 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: Stuart McDonald 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: Stuart McDonald 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: Stuart McDonald 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: Stuart McDonald 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

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

Profile photo: © Parliament (CC-BY 3.0)