Finance Act 2011, Paragraph 63 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
63(1)Paragraph 8 is amended as follows.U.K.
(2) At the end of the “Third step” in sub-paragraph (1) insert— “ 3. Any amount of the bank levy chargeable by virtue of paragraph 50 or 51 of Schedule 19 to the Finance Act 2011 (the bank levy). ”
(3)After sub-paragraph (1) insert—
“(1A)Sub-paragraph (1B) applies if an amount of the bank levy chargeable by virtue of paragraph 50 or 51 of Schedule 19 to the Finance Act 2011 (the bank levy) is added at the third step.
(1B)Any deductions made at the fourth step are to be treated as made from all other amounts before being made from the amount of the bank levy.”
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