Banking Code of Practice

HM Revenue & Customs (HMRC) has published a document which sets out the governance process around communication and escalation procedures in any case where HMRC has concerns about a bank's compliance with its commitments under the Code of Practice on Taxation for Banks.

In line with its statement of 9 December 2009, HMRC has published annual details of progress in implementing the Code, split into the following categories:

  • the top 15 banks
  • the rest of the banks in the Large Business Service
  • banks in Local Compliance

HMRC has also published further guidance on the terms 'promote' and 'facilitate' and how these should be read in regard to the Code of Practice on Taxation for Banks.

Read the HMRC Governance Protocol on compliance with the Code of Practice of Taxation for Banks (PDF 55K)

Read the Code of Practice on Taxation for Banks (PDF 18K)

Read the Code of Practice on Taxation for banks - Supplementary Guidance Note December 2009 (PDF 89K)

Read updated guidance on the terms 'promote' and 'facilitate' (PDF 33K)

Find the current figures on banks that have adopted the Code (PDF 13K)