{
  "url": "https://openlegislation.uk/bank-levy-double-taxation-relief-regulations-2012/regulation-11",
  "json_url": "https://openlegislation.uk/bank-levy-double-taxation-relief-regulations-2012/regulation-11.json",
  "legislation": "uksi/2012/458",
  "legislation_title": "The Bank Levy (Double Taxation Relief) Regulations 2012",
  "legislation_url": "https://openlegislation.uk/bank-levy-double-taxation-relief-regulations-2012",
  "path": "regulation/11",
  "kind": "regulation",
  "number": "11",
  "heading": "Reduction in credit: payment by reference to equivalent foreign levy",
  "text": "(1) Paragraph (2) applies if—\n(a) credit for an equivalent foreign levy is to be allowed to an entity under these Regulations, and\n(b) a payment is made by a tax authority to that entity, or to any other person, by reference to the equivalent foreign levy.\n(2) The amount of the credit must be recalculated by repeating steps 3 and 4 in regulation 5, reducing the amount of the equivalent foreign levy by reference to the payment referred to in paragraph (1)(b).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/458/regulation/11",
    "retrieved_at": "2026-10-29T01:40:53.756794+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}