Schedule 2ZA, paragraph 6

The Bank must notify each eligible institution that is liable to pay the levy in respect of a levy year of the following matters— the levy year in respect of which the levy is payable; the amount of the levy the institution is liable to pay; the time by which the levy must be paid (or, if the Bank determines that the levy may be paid in instalments, the times by which each instalment must be paid); the methods by which the levy may be paid. A time notified in accordance with sub-paragraph (1)(c) (or if more than one time is notified, the earliest of them) may not be before the end of the period of 30 days beginning with the day on which the notification is given. Notification may be given in such form or in such manner as the Bank considers appropriate (and may be given in a different form or manner to different eligible institutions or eligible institutions of a different description).

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Source: legislation.gov.uk · retrieved 2026-09-04