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HMRC internal manual

Bank Levy Manual

From
HM Revenue & Customs
Updated
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Relevant entities and groups: banking groups: relevant foreign banks

Paragraph 78 of Schedule 19

An entity will be a ‘relevant foreign bank’ if it is not resident in the UK, but it does meet the other conditions for being a UK resident bank (see BKLM243000) (subject to certain adjustments to the rules in respect of branches) and trades in the UK through a permanent establishment in the UK.