Finance Act 2024

Amendment of section 126AB of Principal Act (further levy on certain financial institutions)

96. Section 126AB of the Principal Act is amended—

(a) in subsection (1), by the substitution of the following definition for the definition of “base year”:

“ ‘base year’, in respect of each of the years 2024 and 2025, means the year 2022;”,

and

(b) by the substitution of the following subsection for subsection (2):

“(2) A relevant person shall, for each of the years 2024 and 2025, not later than the due date in relation to each such year, deliver to the Commissioners a statement showing the assessable amount.”.