Payment of the bank levy through the corporation tax system
50(1)This paragraph applies where the bank levy is charged as provided for by paragraph 4.
(2)The bank levy is to be treated as if it were an amount of corporation tax chargeable on the relevant group’s responsible member (see paragraph 54) for the accounting period or periods determined in accordance with the following sub-paragraphs.
(3)Subject to what follows, the accounting period for which the bank levy is to be treated as if it were an amount of corporation tax chargeable is to be—
(a)the responsible member’s accounting period which ends at the same time as the chargeable period, or
(b)if it does not have an accounting period which ends at that time, its accounting period during which the chargeable period ends.
(4)If a proportion (“X%”) of the chargeable period falls in any other accounting period of the responsible member, X% of the bank levy is to be treated as if it were an amount of corporation tax chargeable for that other accounting period.