# Finance Act 2011, Paragraph 15


(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).

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/19/paragraph/15 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.