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
15Q(1)This paragraph applies if the bank levy is charged as provided for by paragraph 4 (groups).U.K.
(2)Sub-paragraph (3) applies in relation to a UK resident entity if—
(a)it is a member of a UK sub-group in respect of which an entity-by-entity election has been made under paragraph 15L (whether or not it is a designated FPE entity), or
(b)it is a designated FPE entity and a member of a UK sub-group in respect of which no entity-by-entity election has been made.
(3)Any equity of the entity is to be left out so far as it would have been eliminated under normal consolidation procedures under international accounting standards, but disregarding from the consolidation any non-UK resident entities.]