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HMRC internal manual

Bank Levy Manual

Collection and management: payment: quantification notice

Regulation 15 of The Corporation Tax (Instalment Payments) (Amendment) Regulations 2011 (SI 2011/1785) inserts a new Regulation 10A into the Corporation Tax (Instalment Payments) Regulations 1998 which requires that the entity responsible for the payment of the bank levy must provide a quantification notice to an officer of HMRC on or before the date on which the payment is made.

Quantification notices should be sent to the Customer Compliance Manager (CCM) for the relevant entity or group and should specify the following details:

  • the amount of the bank levy payment being made
  • the accounting period to which the payment relates
  • confirmation of the Unique Taxpayer Reference (UTR) number under which the payment is being made (in the case of a relevant group the UTR will be for either the Group Payment Arrangement or, where there is no Group Payment Arrangement, the nominated responsible member), and
  • the expected date of payment.