Table of contents
- What is the background to the introduction of the levy?
- Who will be subject to the levy?
- How much will the levy be?
- When will the levy apply?
- How will the levy be collected?
- What has changed from the draft legislation that was published in September 2021?
Article summary
Tax analysis: The Finance Bill 2022 introduces a new tax on medium and large professional firms and financial institutions: the Economic Crime (Anti-Money Laundering) Levy (economic crime levy). Gary Barnett of Simmons & Simmons explains how it will work.
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