SCHEDULE 2 Bank Levy Rates for 2016 to 2021
Finance (No 2) Act 2015 (2015 c 33) | Legislation

SCHEDULE 2 Bank Levy Rates for 2016 to 2021

Section 16

Bank levy rate for 2016

1

(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 “0.105%†substitute “0.09%â€, and

(b)     for “0.21%†substitute “0.18%â€.

(2)     In paragraph 7 of that Schedule (special provision for chargeable periods falling wholly or partly before 1 April 2015)—

(a)     in sub-paragraph (1) for “1 April 2015†substitute “1 January 2016â€;

(b)     in sub-paragraph (2), in the first column of the table in the substituted Step 7, for “Any time on or after 1 April 2015†substitute “1 April 2015 to 31 December 2015â€;

(c)     at the end of that table add—

“1 January 2016 to 31 December 20160.09%0.18%â€

(d)     in the italic heading before paragraph 7, for “1 April 2015†substitute “1 January 2016â€.

(3)     The amendments made by sub-paragraphs (1) and (2) come into force on 1 January 2016.

(4)     Sub-paragraphs (5) to (10) apply where—

(a)     an amount of the bank levy is treated as if it were an amount of corporation tax chargeable on an entity (“Eâ€)

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