SCHEDULES
SCHEDULE 26The bank levy: miscellaneous changes
High quality liquid assets etc
5
In paragraph 21 (chargeable equity and liabilities of UK resident banks and building societies which are not members of groups)—
a
in sub-paragraph (2)(c), for “finally,” substitute “
finally (subject to sub-paragraph (6))
”
, and
b
for sub-paragraph (6) substitute—
6
Where an amount (“A”) within sub-paragraph (2)(c) is used to reduce short term liabilities, the amount of the reduction is determined as if A were an amount equal to half of A.