Policy paper

Bank levy double taxation relief (single resolution fund levy)

This tax information and impact note specifies amendments to provide double taxation relief from 1 January 2016 in respect of the UK bank levy and contributions made to the Single Resolution Fund.

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Details

This measure explains that since 1 January 2015 all EU Member States have been bound by the Bank and Resolution Directive (BRRD). One of the key elements of the BRRD is the establishment of a new levy in Eurozone states to fund a Single Resolution Fund.

Published 16 November 2016