1120“Bank”U.K.
(1)This section has effect for the purposes of the provisions of the Corporation Tax Acts which apply this section.
(2)“Bank” means—
(a)the Bank of England,
(b)a person who has permission under Part 4 of FISMA 2000 to accept deposits (but see subsection (3) for exclusions),
(c)an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 to FISMA 2000 which has permission under paragraph 15 of that Schedule to accept deposits (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule),
(d)the European Investment Bank, and
(e)an international organisation designated as a bank for the purposes of this section by an order made by the Treasury.
(3)The reference to a person who has permission under Part 4 of FISMA 2000 to accept deposits does not include—
(a)a building society,
(b)a society registered within the meaning of the Friendly Societies Act 1974 or incorporated under the Friendly Societies Act 1992,
(c)a society registered as a credit union under the Industrial and Provident Societies Act 1965 or the Credit Unions (Northern Ireland) Order 1985 (S.I. 1985/1205 (N.I. 12)), or
(d)an insurance company within the meaning of section 275 of FA 2004.
(4)The Treasury may designate an international organisation for the purposes of this section only if the United Kingdom is a member of the organisation.
(5)An order under subsection (2)(e) may include provision for a designation to have effect only in relation to the application of this section by a provision specified in the order.
Modifications etc. (not altering text)
C1S. 1120 applied by 2009 c. 4, s. 18D(4) (as inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 13 paras. 4, 31)