Regulation 2 InterpretationF1

In these Regulations—

• “accounting period” shall be construed in accordance with Chapter 2 of Part 2 of CTA 2009;

• “applicable accounting period” means any accounting period for which bank levy is chargeable in respect of the chargeable period determined in accordance with—

  1. (a)

     paragraph 50 of Schedule 19 where bank levy is charged in relation to a relevant group; or

  2. (b)

     paragraph 51 of that Schedule where bank levy is charged in relation to a relevant entity;

• F2“large company” has the meaning given by regulation 3(1) or 3A (as the case may be);

• F3...

• “Schedule 18” means Schedule 18 to the Finance Act 1998;

• “Schedule 19” means Schedule 19 to the Finance Act 2011;

• “the bank levy” means the tax charged in accordance with Schedule 19;

• “the chargeable period” has the meaning given by paragraph 4 or paragraph 5 of Schedule 19 (as the case may be);

• “the relevant entity” has the meaning given by paragraph 5 of Schedule 19;

• “the relevant group” has the meaning given by paragraph 4 of Schedule 19;

• “the responsible member” has the meaning given by paragraph 54 of Schedule 19;

• “the Management Act” means the Taxes Management Act 1970; F4...

• F5“the Taxes Act” means the Income and Corporation Taxes Act 1988;

• F6“very large company” has the meaning given by regulation 3(2) or 3A (as the case may be).

References in these Regulations to profits of a company in any accounting period are references to the company’s augmented profits within the meaning given by section F7sections 18L and 18M of CTA 2010.

The rules in Part 3A of CTA 2010 (see sections 18E to 18J) which apply for determining whether a company is another company's associated company in an accounting period for the purposes of section 18D of that Act apply for the purposes of these Regulations.

F9Except as provided by regulation 3A, references in these Regulations to the total liability of a company for an accounting period are references to the amount of tax payable for that period by the company as calculated in accordance with paragraph 8(1) of Schedule 18.