SCHEDULES

SCHEDULE 19U.K.The bank levy

Part 1 U.K.Introduction

1U.K.There is to be a tax called “the bank levy”.

2U.K.The bank levy is charged on certain types of equity and liabilities of certain groups of entities and individual entities as set out in Part 2 of this Schedule.

3U.K.In this Schedule—

• Part 3 contains provision defining the different types of groups of entities in relation to which the bank levy is charged;

• Part 4 contains provision defining the equity and liabilities on which the bank levy is charged;

• Part 5 contains supplementary provision;

• Part 6 deals with the collection and management of the bank levy;

• Part 7 deals with double taxation relief;

• Part 8 contains definitions;

• Part 9 confers a power to make changes to this Schedule in specified circumstances.