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ECL21000 | Computation overview

From HM Revenue & Customs · Economic Crime Levy

This part of the guidance tells you how to calculate a person’s ECL liability.

A person will only be in scope to the ECL if they carry on a regulated business (see [ECL12200]) at any point during a financial year.

To determine whether an entity has a liability for the Economic Crime Levy with HMRC, you must follow the steps below:

  1. Determine the relevant accounting period (see [ECL22000])

  2. Calculate the UK revenue for the relevant accounting period (see [ECL23000])

  3. Calculate which band the chargeable person falls into (see [ECL24000])

  4. Calculate the ECL liability (see [ECL25000])

You can find examples of calculations in [ECL26000].