Part 6 Collection and Management
Finance Act 2011 (2011 c 11) | Legislation

Part 6 Collection and Management

Responsibility for collection and management

49

(1)     The Commissioners for Her Majesty's Revenue and Customs are responsible for the collection and management of the bank levy.

(2)     In this Part of this Schedule “HMRC†means Her Majesty's Revenue and Customs.

Payment of the bank levy through the corporation tax system

50

(1)     This paragraph applies where the bank levy is charged as provided for by paragraph 4.

(2)     The bank levy is to be treated as if it were an amount of corporation tax chargeable on the relevant group's responsible member (see paragraph 54) for the accounting period or periods determined in accordance with the following sub-paragraphs.

(3)     Subject to what follows, the accounting period for which the bank levy is to be treated as if it were an amount of corporation tax chargeable is to be—

(a)     the responsible member's accounting period which ends at the same time as the chargeable period, or

(b)     if it does not have an accounting period which ends at that time, its accounting period during which the chargeable period ends.

(4)     If a proportion (“X%â€) of the chargeable period falls in any other accounting

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