# Finance Act 2011, Paragraph 15H


(1) This paragraph applies in relation to a UK resident entity, other than a designated FPE entity, which is—
(a) where the bank levy is charged as provided for by paragraph 4 (groups), a chargeable UK resident entity;
(b) where the bank levy is charged as provided for by paragraph 5 (entities which are not members of groups), the relevant entity.
(2) To determine the UK-based equity and liabilities of the UK resident entity, as at the end of the chargeable period—
(a) determine the amount of the entity’s equity and liabilities, in accordance with paragraph 15G(2), and
(b) adjust that amount in accordance with paragraph 15N.

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