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HMRC internal manual

Bank Levy Manual

Collection and management: payment through the Corporation Tax system: company tax returns used for bank levy due from an individual entity

Paragraph 51 of Schedule 19

Where the bank levy is charged on a stand alone entity the bank levy will be treated by that entity as an amount of Corporation Tax chargeable on the entity for the accounting period:

  • that starts and ends at the same time as the chargeable period (defined at BKLM152000),

or, where the entity does not have an accounting period that starts and ends at the same time as the chargeable period:

  • the accounting period during which the chargeable period ends.

Paragraph 51 of Schedule 19 provides similar apportionment rules that will apply in those circumstances to those for relevant groups, see BKLM431000.

Box (K) on the supplementary page CT600B allows a company to report the bank levy. The amount of bank levy will be included in the total carried forward from the supplementary page to box 81 (Tax payable under S747 ICTA 1988) on the main CT600 company tax reform form.