BKLM380050 | Chargeable equity and liabilities: de minimis limit for equity and liabilities: introduction

For chargeable periods ending prior to 1 January 2021

Paragraphs 17(18) - (19) and paragraphs 19(15) - (16) of Schedule 19

To reduce the overall compliance burden on foreign banking groups and relevant non-banking groups the equity and liabilities of some small entities may be excluded from the aggregation process in determining the bank levy charge.

For chargeable periods ending on or after 1 January 2021

Paragraph 15Z5 of Schedule 19

see BKLM383000