{
  "url": "https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-15D",
  "json_url": "https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-15D.json",
  "legislation": "ukpga/2011/11",
  "legislation_title": "Finance Act 2011",
  "legislation_url": "https://openlegislation.uk/finance-act-2011",
  "path": "schedule/19/paragraph/15D",
  "kind": "paragraph",
  "number": "15D",
  "heading": null,
  "text": "(1) This paragraph applies if—\n(a) the bank levy is charged as provided for by paragraph 4 (groups), and\n(b) a UK resident entity, which is a member of the relevant group, has a foreign permanent establishment.\n(2) For the purposes of this Part of this Schedule, a UK resident entity “has a foreign permanent establishment” if the entity carries on a trade in a territory outside the United Kingdom through a permanent establishment (the “foreign permanent establishment”) in that territory.\n(3) The relevant group’s responsible member may, for the purposes of determining the UK-based equity and liabilities of a UK sub-group or a chargeable UK resident entity, elect to disregard the non-UK allocated equity and liabilities attributable to—\n(a) any or all of the foreign permanent establishments of any or all of the UK resident entities which are members of the UK sub-group;\n(b) any or all of the foreign permanent establishments of the chargeable UK resident entity.\n(4) See paragraph 15Z1 for further provision about non-UK allocated equity and liabilities.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "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"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2011/11/schedule/19/paragraph/15D",
    "retrieved_at": "2026-10-29T09:09:31.813616+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."
}