This section has no associated Explanatory Notes
5(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 “0.075%” substitute “ 0.07% ”, and
(b)for “0.15%” substitute “ 0.14% ”.
(2)In paragraph 7 of that Schedule (special provision for chargeable periods falling wholly or partly before 1 January 2019)—
(a)in sub-paragraph (1) for “2019” substitute “ 2020 ”;
(b)at the end of that table add—
| “1 January 2020 to 31 December 2020 | 0.07% | 0.14%” |
(c)in the italic heading before paragraph 7, for “2019” substitute “ 2020 ”.
(3)The amendments made by this paragraph come into force on 1 January 2020.