SCHEDULES

SCHEDULE 2Bank levy rates for 2016 to 2021

Bank levy rate for 2017

2

1

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

a

for “0.09%” substitute “ 0.085% ”, and

b

for “0.18%” substitute “ 0.17% ”.

2

In paragraph 7 of that Schedule (special provision for chargeable periods falling wholly or partly before 1 January 2016)—

a

in sub-paragraph (1) for “2016” substitute “ 2017 ”;

b

at the end of that table add—

1 January 2017 to 31 December 2017

0.085%

0.17%

c

in the italic heading before paragraph 7, for “2016” substitute “ 2017 ”.

3

The amendments made by this paragraph come into force on 1 January 2017.