{
  "url": "https://openlegislation.uk/corporation-tax-instalment-payments-regulations-1998/regulation-3A",
  "json_url": "https://openlegislation.uk/corporation-tax-instalment-payments-regulations-1998/regulation-3A.json",
  "legislation": "uksi/1998/3175",
  "legislation_title": "The Corporation Tax (Instalment Payments) Regulations 1998",
  "legislation_url": "https://openlegislation.uk/corporation-tax-instalment-payments-regulations-1998",
  "path": "regulation/3A",
  "kind": "regulation",
  "number": "3A",
  "heading": "Large and very large companies: bank levy",
  "text": "(1) This regulation applies where a company is a relevant entity or a responsible member.\n(2) Subject to paragraphs (4) to (7), a company is a very large company by virtue of this regulation in respect of an accounting period if its profits in that period exceed £20 million.\n(3) A company which is not a very large company in respect of an accounting period by virtue of paragraph (2) is a large company in respect of that period.\n(4) A company is not in respect of an accounting period a very large company by virtue of paragraph (2) if its total liability for the period does not exceed £10,000 (or such amount as applies by virtue of paragraph (7)).\n(5) Where in an accounting period a company has one or more associated companies, whether the company is (or is not) a very large company by virtue of this regulation in respect of that period is to be determined by substituting in paragraph (2) “£20 million/1+N” for “£20 million”.\n(6) The amount of “£20 million/1+N” in paragraph (5) is subject to paragraph (7).\n(7) Where an accounting period is a period of less than 12 months, whether a company is (or is not) a very large company in respect of that period by virtue of this regulation is to be determined by making a proportionate reduction to the following amounts—\n(a) £20 million in paragraph (2) or £20 million/1+N in that paragraph where paragraph (5) applies; and\n(b) £10,000 in paragraph (4).\n(8) For the purposes of this regulation—\n(a) “N” has the same meaning as it has for the purposes of regulation 3; and\n(b) “total liability” excludes any amount of bank levy payable.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Regs. 3, 3A substituted for reg. 3 (1.4.2019) by The Corporation Tax (Instalment Payments) (Amendment) Regulations 2017 (S.I. 2017/1072), regs. 1(1), 4 (with reg. 1(2))"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in reg. 3A substituted (with effect in accordance with Sch. 1 para. 33 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 13(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/3175/regulation/3A",
    "retrieved_at": "2026-10-29T11:12:31.336573+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."
}