SCHEDULE 34 Bank Levy
Finance Act 2012 (2012 c 14) | Legislation

SCHEDULE 34 Bank Levy

Section 211

Introductory

1

Schedule 19 to FA 2011 (bank levy) is amended as follows.

Rates 2012

2

In paragraph 6 (steps for determining the amount of the bank levy), in sub-paragraph (2)—

(a)     for “0.039%†substitute “0.044%â€, and

(b)     for “0.078%†substitute “0.088%â€.

3

In paragraph 7 (special provision for chargeable periods falling wholly or partly before 1 January 2012), in sub-paragraph (2)—

(a)     for “0.039%†substitute “0.044%â€, and

(b)     for “0.078%†substitute “0.088%â€.

4

The amendments made by paragraphs 2 and 3 are treated as having come into force on 1 January 2012.

Rates from 2013

5

.Ìý.Ìý.

6

(1)     In paragraph 7 (special provision for chargeable periods falling wholly or partly before 1 January 2012) for sub-paragraphs (1) and (2) substitute—

“(1)     Paragraph 6(2) applies subject to this paragraph if some or all of the chargeable period falls before 1 January 2013.

(2)     For Step 7 there is substituted—

“Step 7

Determine the proportion (“P%â€) (if any) of the chargeable period which falls within each of the periods (“rate periodsâ€) specified in column 1 of the following table.

In relation to each rate

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