The Economic Crime (Anti-Money Laundering) Levy Regulations 2022

• Collapse all -

1. Introductory Text

2. Expand +/Collapse -

   PART 1 Introductory

   1. 1. Citation, commencement and extent

   2. 2. Interpretation

3. Expand +/Collapse -

   PART 2 Determination of the relevant appropriate collection authority

   1. 3. Determination as to which appropriate collection authority is to exercise functions

4. Expand +/Collapse -

   PART 3 Provisions for assessment, payment, collection and recovery of the levy, where the appropriate collection authority is the Financial Conduct Authority

   1. 4. Application of Part 3

   2. 5. Information requirements

   3. 6. Payment of the levy

   4. 7. Late payment interest

5. Expand +/Collapse -

   PART 4 Provisions for assessment, payment, collection and recovery of the levy, where the appropriate collection authority is the Gambling Commission

   1. 8. Application of Part 4

   2. 9. Requirements of a person liable to pay the levy

   3. 9A. Amendment of an economic crime (anti-money laundering) levy return

   4. 10. Register

   5. 11. Late payment interest

   6. 11A. Assessment by the Gambling Commission of amounts of levy due

   7. 11B. Time limit for recalculation notice

   8. 11C. Payment of levy after assessment by the Gambling Commission

6. Expand +/Collapse -

   PART 5 Provisions for assessment, payment and collection of the levy, where the appropriate collection authority is the HMRC Commissioners

   1. 12. Application of Part 5

   2. 13. Requirements of a person liable to pay the levy

   3. 14. Amendment of an economic crime (anti-money laundering) levy return

   4. 14A. Assessment by the HMRC Commissioners of amounts of levy due

   5. 14B. Replacement assessments by the HMRC Commissioners

   6. 14C. Assessment procedure

   7. 14D. Time limits for assessments by the HMRC Commissioners

   8. 14E. Payment of levy following assessments by the HMRC Commissioners

7. Expand +/Collapse -

   PART 6 Death, incapacity or insolvency

   1. 15. Death, incapacity or insolvency

8. Expand +/Collapse -

   PART 7 Information Requirements

   1. 16. Requirement to provide information or documents where the appropriate collection authority is the Financial Conduct Authority or the Gambling Commission

   2. 17. Duty to keep and preserve records

9. Expand +/Collapse -

   PART 8 Repayment of overpaid levy

   1. 18. Repayment of overpaid levy

   2. 19. Claim for repayment of overpaid levy

10. Expand +/Collapse -

    PART 9 Enforcement

    1. 20. Financial penalties

    2. 21. Amount of financial penalty

    3. 22. Penalty notices

    4. 23. Time limit for imposing a penalty

    5. 24. Payment of penalty

    6. 25. Recovery of unpaid amounts by the HMRC Commissioners

11. Expand +/Collapse -

    PART 10 Reviews and Appeals

    1. 26. Right to review where the HMRC Commissioners are the appropriate collection authority

    2. 27. Review out of time

    3. 28. Review procedure

    4. 29. Reviews where the appropriate collection authority is the Financial Conduct Authority or the Gambling Commission

    5. 30. Appealable decisions

    6. 31. Amounts of levy due must be paid before appeal except in cases of hardship

    7. 32. Settling of appeals by agreement

    8. 33. Payment of levy or penalty where appeal has been determined

    9. 34. Payment of levy or penalty where there is a further appeal

12. Signature

13. 1. Expand +/Collapse -

       SCHEDULE

       Table of penalty amounts

14. Explanatory Note