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1 min readWarningBank of England banking taxonomy 4.1.1Updated 11 November 2026

Part 2: VAT: a value must not be less than another (SR805.02.05.01, Bank of England check boe_b1022_m)

A warning on the part 2: VAT template (SR805.02.05.01), in the joint and several liability arising from taxes (RFB005) return.

Line4 Check runs it on the joint and several liability arising from taxes (RFB005) return, proven on test files, check by check: the same outcome on all eight test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

In each of "Q1" (column 010), "Q2" (column 020), "Q3" (column 030) and "Q4" (column 040) of Part 2: VAT (SR805.02.05.01): "Total VAT due for the period (output VAT)" (row 030) must not be less than "of which: recognised in the financial results of the RFB sub-consolidation group" (row 040).

The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.

What to do if your return fails it

  1. 01Open the table below and find the cells the rule reads.
  2. 02Compare the values in your return. If the first is smaller than it may be, one of them is wrong: check both before you change either.
  3. 03It runs only when your filing indicators mark SR805.02.05 as reported.
  4. 04This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.

The cells it reads

Part 2: VAT (SR805.02.05.01)

Rows

  • R030Total VAT due for the period (output VAT)
  • R040of which: recognised in the financial results of the RFB sub-consolidation group

Columns

  • C010Q1
  • C020Q2
  • C030Q3
  • C040Q4

Which returns it applies to

Line4 Check runs it on the joint and several liability arising from taxes (RFB005) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to joint and several liability arising from taxes (RFB005) returns, as a warning.

The Bank’s own words and formula

The plain words above spell out the Bank’s formula, with each cell named from its templates. In the Bank of England’s list of validations, word for word:

boe_b1022_m: T1: SR805.02.05.01; columns: {SR805.02.05.01, c010-040}; Expression: {SR805.02.05.01, r030} >= {SR805.02.05.01, r040}
Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: SR805.02.05.01, r: 030} >= {t: SR805.02.05.01, r: 040}

Where it applies, in the Bank's words (its scope):

scope({t: SR805.02.05.01, c: 010; 020; 030; 040, seq: False, f: banking, fv: structural_reform})

Every PRA banking rule on SR805.02.05.01

Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.