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

17 Notice that adjustment has rendered credit excessive
1 This regulation applies if—
(a) any credit has been allowed under regulation 4(1), and
(b) later, the amount of that credit is reduced under regulation 14, or becomes excessive as a result of an adjustment of the amount of the SRF levy.
2 The relevant entity or, in the case of the relevant group, the responsible member must give notice that a reduction has been made or that the amount of the credit has become excessive as a result of the making of an adjustment.
3 Notice under paragraph (2) is to be given—
(a) to an officer of Revenue and Customs, and
(b) within one year from when the reduction or adjustment is made.