»Ê¹ÚÌåÓýapp

Paragraph 19 of Schedule 19

»Ê¹ÚÌåÓýapp bank levy also applies to non-banking groups that have within their UK operations a bank or banking sub-group. In these groups the bank levy is only chargeable on the sum of the chargeable equity and liabilities of any banking operations (UK resident banks, relevant foreign banks and banking sub-groups) that form part of a non-banking group.

»Ê¹ÚÌåÓýapp non-banking group can be a UK headed group or a foreign headed group. This means that the banking activities of the group may take place within entities in a UK sub-group, through UK subsidiaries or through a permanent establishment (a branch) of a foreign company, or through a mix of these entities. »Ê¹ÚÌåÓýapp UK bank subsidiaries may in turn hold other subsidiaries (with either banking or non-banking activities) which may be in the UK or may be abroad and the equity and liabilities of these entities will also fall within the bank levy charge.

»Ê¹ÚÌåÓýapp process for determining the chargeable equity and liabilities of a relevant non-banking group is similar to that used for a foreign banking group (see BKLM322000), resulting in Type A, Type B, Type C and Type D chargeable equity and liabilities that are summed together to give the overall chargeable equity and liabilities of the relevant non-banking group.

Further details about Type A, B, C and D equity and liabilities can be found at:

BKLM323100	Type A equity and liabilities
BKLM323200	Type B equity and liabilities
BKLM323300	Type C equity and liabilities
BKLM323400	Type D equity and liabilities

See BKLM323500 onwards for rules for joint ventures.