Local MP Welcomes News That Banks Are Contributing More Tax Than Under Labour
Dec 12, 2017
North Swindon MP Justin Tomlinson has welcomed the news that banks are paying more tax now than they were under Labour.Figures from HMRC, PAYE and Corporate Tax receipts from the banking sector, show that banks are paying 58% more tax then they were in 2009/10 under Labour.HMRC data also shows that the average annual amount of tax paid by the banking sector between 2010/11 and 2016/17 was £23.2 billion - 13% higher than the average annual amount of £20.5 billion paid by the banks between 2005/06...
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