For updates affecting this Division please see Part D0 Updates
Banking companies—overview
D7.701 Banks, other deposit takers and building societies—overview
Banks, other deposit-takers and building societies which are UK resident companies are generally subject to the same taxation provisions as other UK resident companies (see D7.703 and 'Corporation tax and building societies' at D7.730). Some additional complication may arise on the calculation of their profits. This is because items such as interest and profit on realisation of securities may be of a different nature than for a standard company, due to the nature of the bank's (or building society's) trade (see D7.704 and D7.731–D7.732).
Many of the major banks have also signed up to a code of practice on taxation for banks, which requires them to publish
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