Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the annual yield to the Exchequer of the introduction of a banker's bonus tax.

There was a one off Banker’s Bonus Tax in 2009-10 aimed at encouraging banks to rebuild their financial base in the wake of the financial crisis.

Since 2010, the government has been clear that banks should make a fair contribution to the Exchequer. For that reason, in 2011 the government introduced the bank levy, a tax on banks’ balance sheets that has so far raised £14.3bn. In 2015 the government set out a long term plan for bank taxation, announcing the introduction of an 8% bank corporation tax surcharge alongside reform of the levy. The OBR forecast that these two measures will raise £18.9bn over the next five years.