Paragraph 5
(1)
In paragraph 6 of Schedule 19 to FA 2011 (steps for determining the amount of the bank levy), in sub-paragraph (2)—
(a)
for “0.075%” substitute “ 0.07% ”, and
(b)
for “0.15%” substitute “ 0.14% ”.
(2)
In paragraph 7 of that Schedule (special provision for chargeable periods falling wholly or partly before 1 January 2019)—
(a)
in sub-paragraph (1) for “2019” substitute “ 2020 ”;
(b)
at the end of that table add—
“
1 January 2020 to 31 December 2020 0.07% 0.14% ”
(c)
in the italic heading before paragraph 7, for “2019” substitute “ 2020 ”.
(3)
The amendments made by this paragraph come into force on 1 January 2020.