Domesday Live

Other business levies: how the rate has changed

Business. Three smaller charges: the apprenticeship levy on the pay bills of the largest employers, the digital services tax on the UK revenue of the biggest online platforms, and a surcharge on bank profits that sits on top of corporation tax.

Worth knowing

• The bank surcharge was cut from 8% to 3% in April 2023 when the main corporation tax rate went up, so banks pay 28% in total on their profits above a threshold.