PART 3Economic crime (anti-money laundering) levy

55UK revenue: amount

(1)

A person’s UK revenue—

(a)

is medium for a financial year if the person’s UK revenue for the relevant accounting period is more than £10.2 million but not more than £36 million;

(b)

is large for a financial year if the person’s UK revenue for the relevant accounting period is more than £36 million but not more than £1 billion;

(c)

is very large for a financial year if the person’s UK revenue for the relevant accounting period is more than £1 billion.

(2)

To determine the “relevant accounting period”, see section 56.

(3)

The sums in subsection (1) are to be proportionately adjusted if the relevant accounting period of the person is a period other than 12 months.