Updates - Bank Levy Manual - HMRC internal manual

2024

3 December 2024 published amendments

Introduction: structure: determining the tax base

Updated for rescope

Introduction: structure: steps for determining the amount of the bank levy: step 1

Updated to reflect changes made under the Bank Levy rescope.

Relevant entities and groups: introduction

Updated to reflect changes made under the Bank Levy rescope.

Relevant entities and groups: relevant groups: US GAAP exception for determining group members

Updated to reflect changes made under the Bank Levy rescope.

Relevant entities and groups: banking groups: conditions to be met to be a banking group: the exempt activities condition: trading income of the group

Updated to reflect changes made under the Bank Levy rescope.

Chargeable equity and liabilities: excluded equity and liabilities: protected deposits: no comparable scheme list

Updated no comparable scheme list to confirm Pakistan now has a deposit guarantee scheme.

Chargeable equity and liabilities: relevant foreign banks: attribution of chargeable equity and liabilities to a branch: calculation of branch liabilities: GAAP differences: considerations

Updated to reflect changes made under the Bank Levy rescope.

2 December 2024 published amendments

Chargeable equity and liabilities: excluded equity and liabilities: FSCS liabilities

Update FISMA 2000 reference

29 November 2024 published amendments

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

Updated guidance on the treatment of beneficiary accounts for the purposes of the exclusion of protected deposits.

16 September 2024 published amendments

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Updated as Paragraphs 43 and 44 repealed.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Updated as Paragraphs 43 and 44 were repealed.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Update page as Paragraph 43 was repealed.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Page updated as Paragraph 44 repealed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 published amendments

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 published amendments

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 published amendments

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

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.

8 July 2022 published amendments

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 published amendments

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 published amendments

Chargeable equity and liabilities: contents

update changes following review.

17 December 2021 published amendments

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 published amendments

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

Chargeable equity and liabilities: contents

update changes following review.

1 July 2021 published amendments

Documents and information required

Updated as part of manual review

25 March 2021 published amendments

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 published amendments

Chargeable equity and liabilities: contents

update changes following review

2020

18 December 2020 published amendments

Loss absorbing instruments issued by overseas subsidiaries: Contents

update change following review

17 December 2020 published amendments

Chargeable equity and liabilities: contents

update change following review

16 December 2020 published amendments

Loss absorbing instruments issued by overseas subsidiaries: Contents

update changes following review

2019

23 October 2019 published amendments

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