Levy

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Revision as of 09:12, 13 March 2022 by imported>Doug Williamson (Expand 2nd definition.)
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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