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Regulations which deal with the collection and management of the bank levy ( - - (SI2011/1785)) have been made and came into force on 11 August 2011.

»Ê¹ÚÌåÓýappse Regulations amend the Corporation Tax (Instalment Payments) Regulations 1998 (SI1998/3175) (‘the principal Regulationsâ€�) following the introduction of the bank levy.

»Ê¹ÚÌåÓýapp principal Regulations provide that a large company’s liability to Corporation Tax for an accounting period is due and payable in instalments on the dates calculated in accordance with regulation 5(3) of those Regulations.

»Ê¹ÚÌåÓýappse Regulations ensure that the principal Regulations apply to the bank levy, so that companies responsible for paying the bank levy are required to make payments by way of instalments.

»Ê¹ÚÌåÓýappse Regulations also amend the principal Regulations to reflect the re-writing of the Income and Corporation Taxes Act 1988 (c. 1) (‘ICTAâ€�) by the Corporation Tax Act 2010 (c. 4).