This section has no associated Explanatory Notes
6(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 “0.07%” substitute “ 0.05% ”, and
(b)for “0.14%” substitute “ 0.1% ”.
(2)In paragraph 7 of that Schedule (special provision for chargeable periods falling wholly or partly before 1 January 2020)—
(a)in sub-paragraph (1) for “2020” substitute “ 2021 ”;
(b)at the end of that table add—
| “Any time on or after 1 January 2021 | 0.05% | 0.1%” |
(c)in the italic heading before paragraph 7, for “2020” substitute “ 2021 ”.
(3)The amendments made by this paragraph come into force on 1 January 2021.