Regulation 10A Additional information to be provided to HMRC: bank levyF1F2
This regulation applies if the relevant entity or the responsible member (“E”) makes an instalment payment which includes an amount in respect of the bank levy.
Subject to paragraph (4), E must provide written notice (a “quantification notice”) identifying the amount of the instalment payment which is in respect of the bank levy.
A quantification notice must be given to an officer of Revenue and Customs on or before the date on which payment is made.
Where E is a member of a group payment arrangement under section 59F of the Management Act (arrangements for paying tax on behalf of group members), but E is not the member which is responsible for discharging the liability of the group under that arrangement—
E shall provide the quantification notice to the member (M) which, in accordance with the group payment arrangement, is responsible for discharging the liability of all the members of the group; and
accordingly M shall be responsible for providing the quantification notice to the officer of Revenue and Customs as required by paragraphs (2) and (3) and for the purposes of paragraph (5).
The requirement to provide a quantification notice under this regulation shall be treated as a requirement to comply with an information notice for the purposes of Part 7 of Schedule 36 to the Finance Act 2008 (information and inspection powers).
Annotations
Textual amendments
- F1
Reg. 10A inserted (11.8.2011) by The Corporation Tax (Instalment Payments) (Amendment) Regulations 2011 (S.I. 2011/1785), regs. 1(1), 15
- F2
Reg. 10A heading substituted (1.4.2019) by The Corporation Tax (Instalment Payments) (Amendment) Regulations 2017 (S.I. 2017/1072), regs. 1(1), 13 (with reg. 1(2))