The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016

1. Introductory Text

2. Introduction

   1. 1. Citation, commencement and effect

   2. 2. Specified equivalent foreign levy

   3. 3. Application of these Regulations

3. Double taxation relief by way of credit

   1. 4. Double taxation relief

   2. 5. Calculation of the maximum credit: UK banking group, UK sub-group or UK banking sub-group

   3. 6. Calculation of the maximum credit: relevant foreign bank

   4. 7. Determining assets and UK assets

   5. 8. Exchange rates

4. Claim for double taxation relief

   1. 9. General time limit for making a claim

   2. 10. Relevant groups: responsible member to make claim

5. Limits on credit

   1. 11. Limits on credit in cases where regulation 6 applies

   2. 12. Restriction of credit

   3. 13. (1) Where— (a) there is double taxation in relation to...

   4. 14. Reduction in credit: payment by reference to SRF levy

   5. 15. Priority of credits

6. Action after adjustment of amount payable by way of bank levy or SRF levy

   1. 16. Consequences of adjustment of the bank levy or SRF levy

   2. 17. Notice that adjustment has rendered credit excessive

7. Signature

8. Explanatory Note