Open consultation

Draft regulations: updating definitions in the Bank Levy legislation

• From: HM Revenue & Customs
• Published: 16 July 2026

Summary

This technical consultation seeks views on draft regulations to update some definitions used in the Bank Levy legislation.

This consultation closes at
11:59pm on 13 August 2026

Consultation description

We welcome views on draft regulations that would update various definitions used in the Bank Levy legislation at Schedule 19 to the Finance Act 2011 and The Bank Levy (Loss Absorbing Instruments) Regulations 2020.

The Bank Levy legislation defines certain terms by reference to regulatory laws and rules. The proposed amendments would update some definitions in the Bank Levy legislation to align with regulatory changes. They would also delete some definitions that are no longer required.

The amendments would have effect for chargeable periods beginning on or after 1 January 2027.

Before submitting your response, you can read these publications:

• (Draft) Tax information and impact note: Updating definitions in the Bank Levy legislation
• Draft regulations

Documents

(Draft) Tax information and impact note: Updating definitions in the Bank Levy legislation

HTML

Draft regulations

PDF, 693 KB, 4 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft regulations (accessible version)

HTML

Ways to respond

Email to:

financialservicesbai@hmrc.gov.uk

Published 16 July 2026