Chargeable equity and liabilities: de minimis limit for equity and liabilities: relevant non-banking groups
Paragraphs 19(15) - (16) of Schedule 19
In order to reduce the compliance burden, relevant non-banking groups that have numerous small entities may exclude any equity and liabilities of relevant UK banking sub-groups (Type A - see BKLM323100) and UK resident entities (Type B - see BKLM323200) and non-UK resident entities (Type C - see BKLM323300) from the Levy where the equity and liabilities fall below a de minimis limit.
If at the end of the chargeable period, the amount of gross equity and liabilities on the relevant balance sheet is less than £50 million then the entity/sub-group does not have to be included when calculating the total chargeable equity and liabilities.
The de minimis limit is subject to an upper limit of £200 million for the whole group for the chargeable period.