The legislation sets out a series of seven calculation steps for the bank levy, by comparing the amount of chargeable equity and liabilities (see D7.709A for chargeable periods ending on or after 1 January 2021 and D7.710 for chargeable periods ending before 1 January 2021) with a £20bn threshold. Banks, building societies and other groups with chargeable equity and liabilities of less than £20bn will not be subject to the bank levy. Various categories of equity
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:35