Paragraph 15I F1

(1)

This paragraph applies in relation to 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 entity, as at the end of the chargeable period, take Steps 1 to 5 in paragraph 15Z1.

Annotations

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