On 30 November, the House of Commons Library published a briefing says that new levy will first be charged in the financial year running from 1 April 2022 to 31 March 2023 on any medium, large and very large entities regulated for AML purposes at any point during that year. The levy will first be paid by in-scope entities at the end of each financial year, meaning first payments will be due in the financial year 1 April 2023 to 31 March 2024. It is estimated that the levy will impact 4,000 businesses.
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