• UK Bank Payroll Tax
  • December 21, 2009 | Authors: Keith Featherstone; Nick Thornton
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson (London) LLP - London Office
  • In his Pre-Budget Report on 9 December, 2009, the UK Chancellor of the Exchequer, Alistair Darling, announced that there will be a new punitive tax imposed on remuneration - principally discretionary bonus payments - paid by certain financial institutions.