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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.
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.