ECL01300 - Introduction: definitions
The Economic Crime Levy (Anti-Money Laundering) legislation uses several specific terms which are defined for its own purposes. It also adopts, with or without modification, certain terms, and their definitions from elsewhere within the Taxes Acts.
This part of the guidance brings together the principal terms and their definitions.
바카라 사이트淎ccounting period바카라 사이트�: In relation to a company within the charge to corporation tax, the accounting period is to be read in accordance with Chapter 2 of Part 2 of CTA09. In relation to any other person, the accounting period is the period for which the person바카라 사이트檚 accounts are drawn up.
바카라 사이트淎ppropriate Collection Authority바카라 사이트�: Please see ECL11200
바카라 사이트淐ompany바카라 사이트�: This takes the meaning given by section 1121(1) of CTA 2010.
바카라 사이트淓ntity바카라 사이트� in the context of the ECL means a person defined by the Interpretations Act 1978.
바카라 사이트淓CL바카라 사이트�: This is an abbreviation of Economic Crime Levy
바카라 사이트淔CA바카라 사이트�: This is an abbreviation of Financial Conduct Authority, a financial regulatory body.
바카라 사이트淔inancial Year바카라 사이트�: This is the UK national tax year which runs from 6th April to 5th April in the following year.
바카라 사이트淕C바카라 사이트�: An abbreviation of Gambling Commission, a non-departmental public body.
바카라 사이트淕enerally accepted accounting practice바카라 사이트�: This has the meaning given by section 1127(1) and (3) of CTA 2010. [BIM31000]
바카라 사이트淗MRC바카라 사이트� Means His Majesty바카라 사이트檚 Revenue and Customs
바카라 사이트淢oney Laundering Regulations바카라 사이트�: This means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 () (as amended from time to time).
바카라 사이트淣on-UK resident person바카라 사이트� means a person who is not resident in the United Kingdom.
바카라 사이트淩egulated business바카라 사이트� means a business carried on by a person by virtue of being a relevant person within the meaning of regulation 8(1) of the Money Laundering Regulations.
바카라 사이트淧ermanent establishment바카라 사이트�: In the case of a company, a permanent establishment is to be read in accordance with Chapter 2 of Part 24 of CTA 2010. For any other person, a permanent establishment is to be read in accordance with that Chapter but as if the person were a company [ {#}INTM260000]
바카라 사이트淧ersons바카라 사이트�: The Interpretations Act 1978 defines a person as including a body of persons corporate or unincorporate.
바카라 사이트淩elevant accounting period바카라 사이트�: Please see ECL22000 for an explanation on how this is decided.
| 바카라 사이트淧rofessional Body Supervisor바카라 사이트� (PBS): Please see the following for information on what Professional Body Supervisors means: [Office for Professional Body Anti-Money Laundering Supervision (OPBAS) | FCA](https://www.fca.org.uk/about/how-we-operate/who-work-with/opbas) |
바카라 사이트淪upervisory authority바카라 사이트� means an authority that is a supervisory authority under the Money Laundering Regulations (see regulation 7 of those Regulations). The guidance of who needs to be registered for Money Laundering Regulations supervision can be found here:
바카라 사이트淭ribunal바카라 사이트� means the First-tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal.
바카라 사이트淭urnover바카라 사이트� means the amounts derived from the provision of goods and services after deduction of trade discounts, value added tax and any other taxes (other than the levy) based on the amounts so derived.
바카라 사이트淯K resident person바카라 사이트� means a person who is resident in the United Kingdom.
바카라 사이트淔inancial year바카라 사이트�: Financial year is defined in the Interpretation Act 1978 as follows: 바카라 사이트�바카라 사이트淔inancial year바카라 사이트� means, in relation to matters relating to the Consolidated Fund, the National Loans Fund, or moneys provided by Parliament, or to the Exchequer or to central taxes or finance, the twelve months ending with 31st March.
바카라 사이트淔A2022바카라 사이트�: means Finance Act 2022
바카라 사이트淯K Revenue바카라 사이트�: The amount of the UK revenue to be reported for the financial year is taken from the 바카라 사이트榬elevant accounting period바카라 사이트� (see ECL23000).