Guidance: The Code of Practice on Taxation for Banks – Consolidated Guidance

The updated Code guidance replaces all existing published guidance including:

• initial consultation – May 2009
• supplementary guidance – December 2009
• guidance on promotion and facilitation – June 2012
• strengthening Code consultation – May 2013
• establishing HMRC’s view on a bank’s compliance with the Code – Dec 2013

It also includes new material on the “intentions of Parliament”, the Annual Report, identifying the Code population, the application of the Code to overseas entities, how HMRC will monitor Code compliance and how the Large Business Compliance Strategy applies to banks which have adopted the Code.