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HMRC internal manual

Bank Levy Manual

Relevant entities and groups: members of banking partnerships

Paragraph 80(2) and 78(2) of Schedule 19

A company may also be a UK resident bank or a relevant foreign bank, if it is a member of a partnership which meets certain conditions.

Paragraph 70(1) of Schedule 19

For bank levy purposes, ‘partnership’ includes:

  • a limited liability partnership, and
  • an entity established under the law of a territory outside the United Kingdom of a similar character to a partnership. See INTM180030 (external users can find the guidance at ).

‘Member’, in relation to a partnership, has a correspondingly broad meaning.