Consultation outcome

Re-scoping of the Bank Levy

This consultation has concluded

Download the full outcome

Re-scoping of the Bank Levy - summary of responses

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Detail of outcome

This document summarises the responses received to the consultation and government decisions on the issues raised.

Following consultation, the government confirms that as part of the bank levy re-scope there will be an exemption for certain UK liabilities relating to the funding of non-UK companies and an exemption for UK liabilities relating to the funding of non-UK branches.

This document sets out details of these changes and outlines next steps for implementation, with the intention of introducing legislation in Finance Bill 2017 to 2018.

Original consultation

Summary

Consultation on changes of the bank levy from a global balance sheet basis to a UK balance sheet basis and on amendments to the HQLA regime.

This consultation ran from
to

Consultation description

This consultation outlines the proposed changes in the scope of the bank levy from a global balance sheet basis to a UK balance sheet basis, and seeks views on the implementation of those changes.

Documents

Re-scoping of the Bank Levy - consultation document

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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.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 9 December 2015
Last updated 5 December 2016 + show all updates
  1. Published summary of responses.
  2. First published.