204 No deductions for UK or foreign bank levies
Finance Act 2013 (2013 c 29) | Legislation

204  No deductions for UK or foreign bank levies

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

(2)     In paragraph 46 (bank levy to be ignored for purposes of corporation tax and income tax), in paragraph (b), after “paid” insert “(directly or indirectly)”.

(3)     In Part 7 (double taxation relief), after paragraph 69 insert—

“69A Foreign levies to be ignored for purposes of income tax or corporation tax

(1)     In calculating profits or losses for the purposes of income tax

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