Action after adjustment of amount payable by way of bank levy or SRF levy
Notice that adjustment has rendered credit excessive17
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.