Report
Annual report and accounts 2023 to 2024
The Gambling Commission's 2023 to 2024 Annual report and accounts. For the period 1 April 2023 to 31 March 2024.
r. Treatment of Economic Crime Levy (ECL)
From 1 April 2023, the Gambling Commission collects the Economic Crime Levy (ECL) from licensed casino operators. The ECL is an annual charge on entities that are supervised under the Money Laundering Regulations (MLR) and whose UK revenue exceeds £10.2 million per year.
The ECL is being collected by 3 public bodies. These are:
- Financial Conduct Authority
- HMRC
- the Commission.
The amount payable will be determined by reference to their size based on their UK revenue from accounting periods ending in that year. Amounts will be payable by 30 September following the end of each financial year.
The Commission acts as an agent for the collection of the levy and does not include the amounts relating to these payments in the financial statements.
In line with the Finance Act Section 59.2 a deduction for reasonable administrative costs associated with the exercise of this function is included within Other Income.
Last updated: 17 October 2024
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