Economic Crime Levy - new obligations, who will pay, and how much

From 2023 the economic crime levy is payable annually by businesses who are supervised for anti-money laundering (AML) purposes and whose UK turnover is more than £10.2m. The amount of levy payable depends on the amount of the business’s UK turnover. Who the levy is payable to depends on who supervises the business for AML purposes.

In this bitesize webinar we’ll look at who has to pay the levy and how much, and what those affected have to do to meet their compliance obligations.

From this webinar you will gain a better understanding of:

• Which businesses have to pay the levy

• What is ‘UK revenue’ for determining the amount of levy payable

• How the levy is administered.

Stephen Relf - Content and Innovation Manager for Tax

Stephen helps lead the team of in-house tax writers at Croner-i and is responsible for updating the commentary and tools on capital allowances. Stephen has worked in tax for over 20 years and at Croner-i for 6 years.

Prior to joining Croner-i, Stephen was Head of the Tax Technical Team at the Chartered Institute of Taxation and before that he worked in practice (for PwC) and in industry.