# The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016, Regulation 4: Double taxation relief


(1) Subject to the provisions of these Regulations, an amount of the SRF levy paid in relation to a chargeable period in respect of which the SRF levy is calculated is allowed as a credit to reduce the amount of the bank levy arising in that period.
(2) The credit under this regulation requires a claim in accordance with regulations 9 and 10.
(3) The amount of the credit allowed against the bank levy arising in a chargeable period must not exceed the lower of—
(a) the amount of the bank levy for that period, and
(b) the amount determined under—
(i) regulation 5 in cases where condition 1 in regulation 3 is met, and
(ii) regulation 6 in cases where condition 2 in regulation 3 is met.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111151358/regulation/4 (the official version)
Page: https://openlegislation.uk/draft-bank-levy-double-taxation-relief-single-resolution-fund-levy-regulations-2016/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.