119 Bank levy: rates from 1 January 2014
Finance Act 2014 (2014 c 26) | Legislation

Bank levy

119  Bank levy: rates from 1 January 2014

(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 “0.065%” substitute “0.078%”, and

(b)     for “0.130%” substitute “0.156%”.

(3)     In paragraph 7 (special provision for chargeable periods falling wholly or partly before 1 January 2013)—

(a)     in sub-paragraph (1) for “2013” substitute “2014”,

(b)     in sub-paragraph (2), in the first column of the table in the substituted Step 7, for “Any time on or after 1 January 2013” substitute “1 January 2013 to 31 December 2013”, and

(c)     at the end of that table add—

“Any time on or after 1 January 20140.078%0.156%”;

and in the italic heading immediately before paragraph 7, for “2013” substitute “2014”.

(4)     Section 203 of FA 2013 (bank

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