Consequential amendments to Schedule 18 to FA 1998U.K.
60U.K.Schedule 18 to FA 1998 (company tax returns) is amended as follows.
61U.K.At the end of paragraph 1 insert “, and
paragraphs 50 and 51 of Schedule 19 to the Finance Act 2011 (the bank levy).”
62U.K.After paragraph 3 insert—
“3A(1)Her Majesty's Revenue and Customs may from time to time publish requirements as to the information, accounts, statements and reports which a company must deliver as part of its company tax return where the company has a tax liability by virtue of paragraph 50 or 51 of Schedule 19 to the Finance Act 2011 (the bank levy); and such information, accounts, statements and reports must be delivered as if the notice to the company under paragraph 3(1) had required them to be delivered (and paragraph 4 is to be read accordingly).
(2)The publication of any requirements under sub-paragraph (1) does not stop a notice under paragraph 3(1) requiring the delivery of any additional information, accounts, statements and reports as part of a company tax return.”
63(1)Paragraph 8 is amended as follows.U.K.
(2) At the end of the “Third step” in sub-paragraph (1) insert— “ 3. Any amount of the bank levy chargeable by virtue of paragraph 50 or 51 of Schedule 19 to the Finance Act 2011 (the bank levy). ”
(3)After sub-paragraph (1) insert—
“(1A)Sub-paragraph (1B) applies if an amount of the bank levy chargeable by virtue of paragraph 50 or 51 of Schedule 19 to the Finance Act 2011 (the bank levy) is added at the third step.
(1B)Any deductions made at the fourth step are to be treated as made from all other amounts before being made from the amount of the bank levy.”
64(1)Paragraph 11 is amended as follows.U.K.
(2)The existing provision becomes sub-paragraph (1).
(3)After that sub-paragraph insert—
“(2)Sub-paragraph (1) does not affect—
(a)the power to require the delivery of accounts, information or documents in relation to a company's tax liability by virtue of paragraph 50 or 51 of Schedule 19 to the Finance Act 2011 (the bank levy), or
(b)the requirements which may be imposed under paragraph 3A.”