Paragraph 6

(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 “0.07%” substitute “ 0.05% ”, and

(b)

for “0.14%” substitute “ 0.1% ”.

(2)

In paragraph 7 of that Schedule (special provision for chargeable periods falling wholly or partly before 1 January 2020)—

(a)

in sub-paragraph (1) for “2020” substitute “ 2021 ”;

(b)

at the end of that table add—

“
Any time on or after 1 January 2021 0.05% 0.1%
”

(c)

in the italic heading before paragraph 7, for “2020” substitute “ 2021 ”.

(3)

The amendments made by this paragraph come into force on 1 January 2021.