Updates: Bank Levy Manual

2024

16 September 2024

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: joint ventures: contents

Updated as Paragraphs 43 and 44 repealed.

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: joint ventures: introduction

Updated as Paragraphs 43 and 44 were repealed.

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: joint ventures: held by foreign banking groups and relevant non-banking groups

Update page as Paragraph 43 was repealed.

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: joint ventures: elimination of double charges

Page updated as Paragraph 44 repealed

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: joint ventures: example

Updated page as Paragraphs 43 and 44 repealed.

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: contents

BKLM323500.

Chargeable equity and liabilities: high quality liquid assets

Updated to provide link to BKLM315600

29 August 2024

Collection and management: returning the bank levy: financial statements required as part of the return

This page is being updated to reflect changes made under the Bank Levy rescope.

2022

4 October 2022

Chargeable equity and liabilities: excluded equity and liabilities: sovereign repos

Addition of paragraph on reference to revoked articles in the Capital Requirements Regulation

Chargeable equity and liabilities: definition of high quality liquid assets and denial of double relief

Addition of paragraph on reference to revoked Articles in the Capital Requirements Regulation

Loss absorbing instruments issued by overseas subsidiaries: Overview

minor update to paragraph on UK MREL rules.

Loss absorbing instruments issued by overseas subsidiaries: Loss absorbing instruments

Addition of paragraph on references to revoked articles in the Capital Requirements Regulation

Loss absorbing instruments issued by overseas subsidiaries: Amount of reduction

Addition of paragraph on references to revoked articles in the Capital Requirements Regulation

12 July 2022

Relevant entities and groups: banking groups: UK resident bank: the wider banking condition: the first part

update changes following review

Relevant entities and groups: banking groups: UK resident bank: the wider banking condition: the second and third parts

update changes following review.

update changes following review.

update changes following review

Relevant entities and groups: excluded entities

update changes following review

Relevant entities and groups: banking groups: UK resident bank: relevant regulated activities

update changes following review.

update changes following review.

8 July 2022

Relevant entities and groups: banking groups: UK resident bank: the wider banking condition: the first part

Update changes following review

Relevant entities and groups: banking groups: UK resident bank: the wider banking condition: the second and third parts

Update changes following review

Relevant entities and groups: banking groups: UK resident bank: relevant regulated activities

Update changes following review.

Relevant entities and groups: excluded entities

update changes following review.

21 April 2022

Chargeable equity and liability: adjustments: step 2 in paragraph 15N: equity and liability: netting

removal of reference to offsetting under IAS

Definitions: recognition

Definition of recognition updated to reflect IASB Framework.
Addition of HMRC's view of presentational offset of assets and liabilities under IAS32.

2021

21 December 2021

Chargeable equity and liabilities: contents

update changes following review.

17 December 2021

Chargeable equity and liabilities: de minimis limit for equity and liabilities: contents

Update changes following review.

Anti-avoidance: contents

Update changes following review

Chargeable equity and liabilities: chargeable equity and liabilities from January 2021: relevant entities and groups:contents

update change following review.

16 December 2021

Chargeable equity and liabilities: background

update changes following review

Chargeable equity and liabilities: excluded equity and liabilities: Tier 1 capital and liabilities

update changes following review

Chargeable equity and liabilities: chargeable equity and liabilities from January 2021: contents

update changes following review

update changes following review

Chargeable equity and liabilities: contents

update changes following review.

1 July 2021

Documents and information required

Updated as part of manual review

25 March 2021

Relevant entities and groups: banking groups: conditions to be met to be a banking group: the exempt activities condition: non-financial trading activities

updating link

4 January 2021

Chargeable equity and liabilities: contents

update changes following review

2020

18 December 2020

Loss absorbing instruments issued by overseas subsidiaries: Contents

update change following review

17 December 2020

Chargeable equity and liabilities: contents

update change following review

16 December 2020

Loss absorbing instruments issued by overseas subsidiaries: Contents

update changes following review

2019

23 October 2019

Introduction: structure: steps for determining the amount of the bank levy: step 6

Page updated as part of manual review

Introduction: structure: steps for determining the amount of the bank levy: step 7

Page updated as part of manual review

Relevant entities and groups: excluded entities

Page updated as part of manual review

Relevant entities and groups: banking groups: UK resident bank: the wider banking condition: the first part

Page updated as part of manual review

Introduction: the rate of the bank levy

Page updated as part of manual review

Relevant entities and groups: banking groups: conditions to be met to be a banking group: the exempt activities condition: non-financial trading activities

Page updated as part of manual review

17 October 2019

Chargeable equity and liabilities: excluded equity and liabilities: Tier 1 capital and liabilities

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: excluded equity and liabilities: sovereign repos

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: excluded equity and liabilities: sovereign stock-lending liabilities

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: excluded equity and liabilities: relevant insurance liabilities

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: excluded equity and liabilities: contents

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: high quality liquid assets

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: definition of high quality liquid assets and denial of double relief

updated in accordance with document "190910 BKLM Updates Redline Comparison"

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: relevant foreign banks: attribution of chargeable equity and liabilities to a branch: determining 'B' the assets of the UK branch (step 2): treasury functions

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Collection and management: payment through the Corporation Tax system: exceptions to joint and several liability

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Collection and management: responsible member for groups: the nomination process

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Collection and management: responsible member for groups: the nominated entity

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Definitions: equity and long term liabilities

updated in accordance with document "190910 BKLM Updates Redline Comparison"

Powers to change the Schedule

updated in accordance with document "190910 BKLM Updates Redline Comparison"

14 October 2019

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: Type C equity and liabilities

updated in accordance with guidance document "190910 BKLM Updates Redline Comparison"

updated in accordance with guidance document "190910 BKLM Updates Redline Comparison" - previously updated incorrectly

Chargeable equity and liabilities: relevant entities and groups: foreign banking groups: Type C equity and liabilities

updated in accordance with guidance document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: Type A equity and liabilities

updated in accordance with guidance document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: relevant entities and groups: relevant non-banking groups: Type B equity and liabilities

updated in accordance with guidance document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: relevant entities and groups: UK resident banks and building societies which are not members of groups

updated in accordance with guidance document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: excluded equity and liabilities: protected deposits: exemption from the charge

updated in accordance with guidance document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: excluded equity and liabilities: protected deposits: FSCS and comparable schemes

updated in accordance with guidance document "190910 BKLM Updates Redline Comparison"

Chargeable equity and liabilities: excluded equity and liabilities: protected deposits: FSCS 'comparable schemes' list

Updated in accordance with guidance document "190910 BKLM Updates Redline Comparison" - table of scheme with broken links not updated

22 August 2019

Introduction: Structure: steps for determining the amount of the bank levy: provisions for periods that fall into different rate periods

Page updated as part of manual review

2018

17 August 2018

Collection and management: payment: information to be supplied in support of bank levy instalment payments

Guidance needed changing as did not accurately reflect the underlying legislation.

2016

27 September 2016

Chargeable equity and liabilities: definition of high quality liquid assets and denial of double relief

formatting was wrong when initially published

update formatting

23 September 2016

Chargeable equity and liabilities: definition of high quality liquid assets and denial of double relief

Update for new definition