Finance (No. 2) Act 2015

Bank levy rate for 2018 U.K.

3 (1) In paragraph 6 of Schedule 19 to FA 2011 (steps for determining the amount of the bank levy), in sub-paragraph (2)— U.K.

(a) for “0.085%” substitute “ 0.08% ”, and

(b) for “0.17%” substitute “ 0.16% ”.

(2) In paragraph 7 of that Schedule (special provision for chargeable periods falling wholly or partly before 1 January 2017)—

(a) in sub-paragraph (1) for “2017” substitute “ 2018 ”;

(b) at the end of that table add—

“1 January 2018 to 31 December 2018

0.08%

0.16%”

(c) in the italic heading before paragraph 7, for “2017” substitute “ 2018 ”.

(3) The amendments made by this paragraph come into force on 1 January 2018.