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Report and Accounts

Please click on the below links for Unity’s Report & Accounts 2016 and Pillar 3 disclosures:

Taxation Transparency

As a socially responsible bank, Unity seeks to be transparent in all that we do and matters of taxation are no different.

Our annual report and accounts show a lower rate of corporation tax than would be implied by the current headline tax rate. This is due to Community Investment Tax Relief (CITR). The CITR scheme encourages investment in disadvantaged communities by giving tax relief to investors who back businesses and other enterprises in less advantaged areas by investing in accredited Community Development Finance Institutions (CDFIs). Unity Trust Bank has made such investments. The tax relief is worth up to 25% of the value of the investment in the CDFI and is spread over five years, starting with the year in which the investment is made.

Unity invests in CDFIs by lending at below market interest rates because we believe in the benefits they provide to the communities in which they operate. The tax relief we obtain through the CITR scheme is provided strictly in accordance with UK tax law and has been made available to encourage this activity.

Tax Conduct Statement

Please click on the below links for Unity’s Report & Accounts 2015 and Pillar 3 disclosures:

Please click on the links below for Unity’s Report & Accounts 2014.

Please click on the links below for Unity’s Report & Accounts 2013.