Treasury updates on Economic Crime levy

Treasury has published a policy paper on the introduction of the economic crime levy, which will be introduced in the 1 April 2022 – 31 March 2023 levy year and payable in the following financial year. It had already announced that there will be tranches of firm – medium (with UK revenue between £10.2m and £36m), large or very large (about £1 bn). Small entities (under £10.2m revenue) will be exempt. While the amount of the levy has not been finalised, it is expected for by between £5-£15k for medium firms, £30-£50k for large and £150-250K for very large.

Emma Radmore