Policy paper
Economic Crime Levy: increased charges for very large entities
This tax information and impact note is about an increase to the Economic Crime Levy for entities with a UK revenue of more than 拢1 billion each year.
Documents
Details
This measure increases the amount charged under the Economic Crime (Anti-Money Laundering) Levy from tax year 2024 to 2025 onwards. It affects entities that are both:
- regulated for anti-money laundering purposes
- have UK revenue over 拢1 billion each year
The amount charged for these entities will increase from 拢250,000 to 拢500,000. The amounts are payable after the end of each financial year.
This measure does not change the amount charged for entities with UK revenue under 拢1 billion each year.
Updates to this page
Published 6 March 2024