Revolut and challenger banks urge Chancellor to raise tax surcharge threshold
UKPulse Money Desk
Revolut, along with other challenger banks, is reportedly calling on the Chancellor to increase the tax surcharge threshold in the upcoming budget.
- Revolut and other challenger banks are urging the Chancellor to raise the tax surcharge threshold.
- The request aims to remove the threat of an immediate tax raid on the banking sector.
- The Chancellor's budget is scheduled for next month.
Revolut, described as Britain's most valuable fintech, is among several challenger banks reportedly urging the Chancellor to raise the tax surcharge threshold. This move is intended to mitigate the risk of an immediate tax increase on the banking sector.
The call for a higher threshold comes ahead of the Chancellor's budget, which is expected next month.