Levy

From ACT Wiki
Revision as of 21:45, 23 December 2022 by imported>Doug Williamson (Remove surplus link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

1. Verb.

To charge or impose a fee or a tax.


2. Tax.

A particular tax or similar charge.

Levies are usually imposed on specific groups, or for specific purposes - sometimes for a limited period - rather than being part of general taxation on all taxpayers.

For example, the UK's Climate Change Levy, and the levy payable to fund the Financial Services Compensation Scheme.


See also