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Contents

Official guidance
Bank Levy Manual

BKLM100000 · Introduction

  • BKLM110000 · About this manual
  • BKLM120000 · Abbreviations used
  • BKLM130000 · Introductions: definitions
  • BKLM140000 · Background to the bank levy
  • BKLM150000 · Structure
  • BKLM160000 · The rate of the bank levy
  • BKLM170000 · Relationship with Corporation Tax and Income Tax
  • BKLM180000 · Anti-avoidance
  • BKLM190000 · Double Taxation Relief
  1. Introduction: contents
  2. Introduction: relationship with Corporation Tax and Income Tax

BKLM170000 | Introduction: relationship with Corporation Tax and Income Tax

From HM Revenue & Customs · Bank Levy Manual

Paragraph 46 of Schedule 19

The bank levy is not deductible for the purposes of calculating Income Tax or Corporation Tax.

Also any recharges paid or received, directly or indirectly, intra-group in respect of the bank levy should not be taken into account for Income Tax or Corporation Tax purposes.

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