The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
We expect that all BBA members will be affected by these proposals, and we note that given HMRC estimate that 300-400 organisations will be affected in total; more than half Read More
We are grateful for the OECD’s recognition set out in the discussion draft that care is needed in targeting the approach of Action 4 to the banking sector. However, we Read More
We are grateful for the substantial amount of work which has gone into producing this consultation document and into engaging with industry to clearly indicate the policy intentions behind the Read More
AFME and the BBA welcome the opportunity to respond to the consultation paper published by HMRC and HMT on 3 December 2014 entitled “Tackling aggressive tax planning: implementing the agreed Read More
We support the OECD’s consultative approach on the development of these proposals. We believe that this will benefit both policymakers and business, by helping to reduce any unintended consequences arising Read More
We wish to make clear that while AFME and the BBA have separate and distinct memberships, both organisations have decided to submit a single, combined response since our respective members Read More
Proposals to deliver effective dispute resolution mechanisms are an essential part of the BEPS project. It is therefore disappointing that it has not been possible for the OECD to set Read More
The broad scope of these proposals means that activity which we would consider low risk in relation to treaty abuse could be inadvertently affected by the anti-abuse provisions. We therefore Read More
We note that the proposals in the discussion draft outline several ways in which the establishment of a PE for tax purposes might be artificially avoided. Having reviewed these proposals Read More
We welcome that the OECD is consulting with business on its proposals. We believe that this approach is to the benefit of both policymakers and business and helps to avoid Read More
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