Action after adjustment of amount payable by way of bank levy or SRF levy
Consequences of adjustment of the bank levy or SRF levy16
1
Paragraph (2) applies to a claim or assessment if—
a
the amount of credit given under regulation 4(1) is reduced under regulation 14, or becomes excessive or insufficient by reason of any adjustment of the amount of any bank levy or SRF levy,
b
the reduction or adjustment gives rise to the claim or assessment, and
c
the claim or assessment is made not later than 6 years from the date on which all material determinations have been made, whether in the UK or elsewhere.
2
Nothing in the Tax Acts limiting the time for the making of assessments, or limiting the time for the making of claims for relief, applies to the assessment or claim.
3
In paragraph (1)(c), “material determinations” means such assessments, reductions, adjustments or other determinations that are material in determining whether any, and (if so) what, credit is to be given.