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Report and Accounts

Please click on the below links for Unity’s Report & Accounts 2015 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.

Unity’s annual report and accounts show a slightly lower rate of corporation tax than would be implied by the current headline tax rate. This is because the Bank has benefited from 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 Bank has made such investments. The tax relief is worth up to 25% of the value of the investment in the CDFI. The relief is spread over five years, starting with the year in which the investment is made.

Unity invests in CDFIs because we believe in the benefits they provide to the communities in which they operate. That tax relief we obtain 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 links below for Unity’s Report & Accounts 2014.

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