Paragraph 46
United Kingdom
In calculating profits or losses for the purposes of income tax or corporation tax—
(a)
no deduction is allowed in respect of the bank levy, and
(b)
no account is to be taken of any amount which is paidF1(directly or indirectly) by a member of the relevant group to another member of the group for the purposes of meeting or reimbursing the cost of the bank levy charged in relation to the group.
Annotations
Textual amendments
- F1
Words in Sch. 19 para. 46(b) inserted (with effect in accordance with s. 204(5)(7) of the amending Act) by Finance Act 2013 (c. 29), s. 204(2)