# Finance Act 2011, Paragraph 46

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

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 paid(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.

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/19/paragraph/46 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-19/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.