# Finance Act 2011, Paragraph 35

Extent: E+W+S+N.I.

(1) Relevant tax liabilities are excluded.
(2) ...“ relevant tax liabilities ” means liabilities representing—
(a) current tax or deferred tax liabilities within the meaning, for the time being, of International Accounting Standard 12, or
(b) an amount of the bank levy.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/19/paragraph/35 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.