{
  "url": "https://openlegislation.uk/draft-bank-levy-double-taxation-relief-single-resolution-fund-levy-regulations-2016/regulation-6",
  "json_url": "https://openlegislation.uk/draft-bank-levy-double-taxation-relief-single-resolution-fund-levy-regulations-2016/regulation-6.json",
  "legislation": "ukdsi/2016/9780111151358",
  "legislation_title": "The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016",
  "legislation_url": "https://openlegislation.uk/draft-bank-levy-double-taxation-relief-single-resolution-fund-levy-regulations-2016",
  "path": "regulation/6",
  "kind": "regulation",
  "number": "6",
  "heading": "Calculation of the maximum credit: relevant foreign bank",
  "text": "The amount of the credit must not exceed the amount determined by steps 1 to 4.\nStep 1\nDetermine the amount (“A”) of assets of the relevant entity as at the end of the chargeable period by reference to which the SRF levy is calculated.\nStep 2\nDetermine the amount (“B”) of UK assets as at the end of the chargeable period by reference to which the SRF levy is calculated.\nStep 3\nDetermine the amount (“C”) of the SRF levy paid in relation to the chargeable period.\nIf a proportion (Z%) of the period in relation to which the SRF levy is calculated falls in any other chargeable period, Z% of the SRF levy is attributable to that other period.\nStep 4\nThe amount of the SRF levy available as a credit against the bank levy must not exceed—\n.\nB A ×C",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2016/9780111151358/regulation/6",
    "retrieved_at": "2026-10-30T15:07:31.708809+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."
}