48(1)Section 1139 of CTA 2010 (definition of “tax advantage”) is amended as follows.U.K.
(2)In subsection (2)—
(a)omit the “or” after paragraph (c), and
(b)after paragraph (d) insert “, or
(e)the avoidance or reduction of a charge or assessment to the bank levy under Schedule 19 to FA 2011 (the bank levy).”
(3)After subsection (3) insert—
“(3A)The avoidance or reduction of a charge or assessment to the bank levy as a result of arrangements to which paragraph 47 of Schedule 19 to FA 2011 (bank levy: anti-avoidance) applies is to be ignored for the purposes of subsection (2)(e) to the extent that it results from arrangements, or part of arrangements, to which any of paragraph 47(7) to (12) of that Schedule applies.”