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HMRC internal manual

Bank Levy Manual

HM Revenue & Customs
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Relevant entities and groups: banking groups: conditions to be met to be a banking group: criteria

Paragraph 12 of Schedule 19

This paragraph defines the criteria for a group to be a ‘banking group’ for the purposes of the bank levy.

Paragraph 12 provides that a group is a banking group where:


  • the group does not meet the ‘exempt activities condition’ - see BKLM242600.