Statistical Notice 2026/07 - Bank of England Levy: Notification Document Levy Year 2026/27

Key dates

In or around July 2026

- The Bank of England emails invoices for the Bank of England Levy to Levy Payers, setting out the levy amount payable for the 2026/27 Levy Year

Levy Year 2026/27 (1 April 2026 – 31 March 2027, by inference from BoE and FCA levy year conventions)

- Period to which the Bank of England Levy Requirement and the Notification Document relate

Suggested considerations

• Confirm internally which group entities are Levy Payers for the 2026/27 Bank of England Levy and reconcile this against the scope set out in the Bank of England Levy Framework Document and related BoE fee regime policy statements.
• Review the Bank of England Levy Notification Document for 2026/27 alongside the 2024 Levy Framework Document and prior-year notices to understand how the bank’s individual assessment may change relative to 2025/26.
• Ensure that Recognised Contact and Invoice Contact details submitted to the Bank are up to date, consistent with Statistical Notice 2026/03 requirements, so that levy invoices and operational communications are received and actioned promptly.
• Set up or confirm internal approval, purchase order and payment processes to ensure invoices for the Bank of England Levy 2026/27 are validated, coded and paid in accordance with the Bank’s payment terms and internal delegation of authority.
• Update regulatory cost forecasts, budgets and FTP (funds transfer pricing) or product pricing models to reflect the 2026/27 levy quantum and any change in allocation across entities or business lines.
• Assess whether the increased Bank of England Levy and transition from CRD generate any material impacts for regulatory reporting, ICAAP/ILAAP or recovery plans, and update documentation where levy-related costs are referenced.

What changed

• - The Bank of England has released the annual Notification Document for the 2026/27 Bank of England Levy, confirming the anticipated levy requirement for the current levy year under paragraph 1.16 of the Bank of England Levy Framework Document.
• For 2026/27, the Bank of England Levy is set at £700 million, reflecting both funding of the Bank’s policy functions and the transition away from the legacy Cash Ratio Deposits (CRD) scheme, with a transitional “Cost of Transition” adjustment to neut
• Within this £700 million total, the Bank is recovering £343 million as net Levy from industry, separate from operational policy costs of approximately £357 million, with £307 million specifically attributed to expected interest differentials over 202
• The Levy sits within the Bank’s overall fee and levy regime which is constrained such that the Bank’s operating budget and core levies may increase by no more than consumer price inflation in 2026/27, with operating costs and core levies rising by ar
• The Notification Document underlines that invoices for individual Levy Payers will follow, consistent with the Framework and associated terms and conditions, and that levy payers will be billed by email using the contact details previously collected
• The publication does not introduce new calculation methodology or scope changes but operationalises the existing Framework by setting the anticipated Levy Requirement for 2026/27 and initiating the payment cycle.

Who is affected

• UK-incorporated banks and building societies
• UK subsidiaries or branches of overseas banks
• Other eligible institutions
• bank financial institutions) that have been brought into scope as Levy Payers under the Bank’s Framework where applicable.
• Group finance, tax, treasury and regulatory reporting functions
• Compliance, legal and company secretariat teams