SCHEDULES

SCHEDULE 1Bank payroll tax

Part 1The tax

“Taxable company”

3

“Taxable company” means a company which—

a

is a UK resident bank or a relevant foreign bank,

b

is a company not within paragraph (a) which is a member of a banking group and—

i

is a UK resident investment company or a UK resident financial trading company, or

ii

is a relevant foreign financial trading company, or

c

is a building society or is a UK resident investment company, or a UK resident financial trading company, which is a member of the same group as a building society.