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SCHEDULES

SCHEDULE 19U.K.The bank levy

Part 4U.K.Chargeable equity and liabilities

[F1Chargeable equity and liabilities: relevant groupsU.K.

Textual Amendments

F1Sch. 19 paras. 15-15Z5 and cross-headings substituted for Sch. 19 paras. 15-23 (with effect in accordance with Sch. 9 para. 35 of the amending Act) by Finance Act 2018 (c. 3), Sch. 9 para. 2

15(1)This paragraph applies if the bank levy is charged as provided for by paragraph 4 (groups).U.K.

(2)The amount of the chargeable equity and liabilities of the relevant group is the total of—

(a)the UK-based equity and liabilities, as at the end of the chargeable period, of—

(i)each UK sub-group, and

(ii)each chargeable UK resident entity, and

(b)if a relevant foreign bank is a member of the relevant group, the UK allocated equity and liabilities of that bank as at the end of the chargeable period (see paragraph 24).]