Policy paper

Bank Levy: changes to scope and administration

This measure limits the Bank Levy to UK activities and makes other changes to the regime.

• From: HM Revenue & Customs and HM Treasury
• Published: 13 September 2017

Documents

Bank Levy: changes to the scope and administration

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Draft legislation: Bank Levy

PDF, 162 KB, 29 pages

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Explanatory note for Bank Levy

PDF, 176 KB, 9 pages

Details

This measure changes the scope of the Bank Levy, so that it will generally only be chargeable on UK activities of banks and building societies.

There will also be complementary changes to the Bank Levy rules, for example to take into account the introduction of ring-fencing rules for banks, and new requirements loss absorbing capacity within groups.

Published 13 September 2017