# The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016, Regulation 8: Exchange rates


Where the SRF levy is imposed in a currency other than sterling, for the purposes of regulations 5 and 6 the amount of equivalent foreign currency is to be translated into its sterling equivalent by reference to the spot rate of exchange for the last day of the chargeable period in relation to which the credit is claimed.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111151358/regulation/8 (the official version)
Page: https://openlegislation.uk/draft-bank-levy-double-taxation-relief-single-resolution-fund-levy-regulations-2016/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.