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 £1 billion each year.

From:
HM Revenue & Customs
Published
6 March 2024

Documents

Economic Crime Levy charge increase for entities with UK revenue over £1 billion

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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 £1 billion each year

The amount charged for these entities will increase from £250,000 to £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 £1 billion each year.

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Published 6 March 2024

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