ECL21000 - Computation overview
This part of the guidance tells you how to calculate a person’s ECL liability.
A person will only be in scope to the ECL if they carry on a regulated business (see [ECL12200]) at any point during a financial year.
To determine whether an entity has a liability for the Economic Crime Levy with HMRC, you must follow the steps below:
- Determine the relevant accounting period (see [ECL22000])
- Calculate the UK revenue for the relevant accounting period (see [ECL23000])
- Calculate which band the chargeable person falls into (see [ECL24000])
- Calculate the ECL liability (see [ECL25000])
You can find examples of calculations in [ECL26000].