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.
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 £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.
Published 6 March 2024