Paragraph 63

Paragraph 8 is amended as follows.

At the end of the “Third step” in sub-paragraph (1) insert— “ 3. Any amount of the bank levy chargeable by virtue of paragraph 50 or 51 of Schedule 19 to the Finance Act 2011 (the bank levy). ”

After sub-paragraph (1) insert—

“(1A)

Sub-paragraph (1B) applies if an amount of the bank levy chargeable by virtue of paragraph 50 or 51 of Schedule 19 to the Finance Act 2011 (the bank levy) is added at the third step.

(1B)

Any deductions made at the fourth step are to be treated as made from all other amounts before being made from the amount of the bank levy.”