Cost centre and Levy: Difference between pages

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imported>Doug Williamson
(Link with Profit centre page.)
 
imported>Doug Williamson
(Expand 2nd definition.)
 
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A treasury which acts as a service centre which hedges operational exposures, at a cost.
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==
==See also==
* [[Cost saving centre]]
*[[Climate Change Levy]]
* [[Profit centre]]
*[[Duty]]
*[[Financial Services Compensation Scheme]]
*[[Health and Social Care Levy]]
*[[Surcharge]]
*[[Tax]]
*[[Taxpayer]]
* [[UK Bank Levy]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Trade_finance]]

Revision as of 09:12, 13 March 2022

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