202 Bank levy: rates from 1 January 2013
Finance Act 2013 (2013 c 29) | Legislation

Bank levy

202  Bank levy: rates from 1 January 2013

(1)     Schedule 19 to FA 2011 (bank levy) is amended as follows.

(2)     In paragraph 6 (steps for determining the amount of the bank levy), in sub-paragraph (2)—

(a)     for “0.044%” substitute “0.065%”, and

(b)     for “0.088%” substitute “0.130%”.

(3)     In paragraph 7 (special provision for chargeable periods falling wholly or partly before 1 January 2013), in sub-paragraph (2) (as substituted by paragraph 6 of Schedule 34 to FA 2012), in the table in the substituted Step 7—

(a)     in the second column for “0.0525%” substitute “0.065%”, and

(b)     in the third column for “0.105%” substitute “0.130%”.

(4)     In Schedule 34 to FA 2012 (bank levy)—

(a)     omit paragraph 5 (which substituted new rates from 1 January 2013), and

(b)     in paragraph 7 for “paragraphs 5 and” substitute “paragraph”.

(5)     The amendments made by subsections (2) to (4) are

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