BKLM230000 - Relevant entities and groups: relevant entities

Paragraph 5 of Schedule 19

The bank levy is also charged upon certain entities (‘relevant entities’) that are not part of a group at the end of their accounting period.

These entities are:

• a UK resident bank - see BKLM243000
• a building society - see BKLM244000, or
• a relevant foreign bank - see BKLM245000.

An entity cannot be within these categories where it is either:

• a parent entity under Paragraph 4(1), or
• a member of a group headed by a parent entity under Paragraph 4(1).