Paragraph 15 F1

(1)

This paragraph applies if the bank levy is charged as provided for by paragraph 4 (groups).

(2)

The amount of the chargeable equity and liabilities of the relevant group is the total of—

(a)

the UK-based equity and liabilities, as at the end of the chargeable period, of—

(i)

each UK sub-group, and

(ii)

each chargeable UK resident entity, and

(b)

if a relevant foreign bank is a member of the relevant group, the UK allocated equity and liabilities of that bank as at the end of the chargeable period (see paragraph 24).

Annotations

Textual amendments

F1: Sch. 19 paras. 15-15Z5 and cross-headings substituted for Sch. 19 paras. 15-23 (with effect in accordance with Sch. 9 para. 35 of the amending Act) by Finance Act 2018 (c. 3), Sch. 9 para. 2