corporate plan and 2008/09 budget
January 2008
annex A
compulsory jurisdiction – provisional levy 2008/09
PDF version of the compulsory jurisdiction – provisional levy table [opens in new window]
These are provisional figures which are expected to form part of a separate consultation by the FSA in January 2008.
industry block 1
deposit acceptors, mortgage lenders and administrators (excluding firms in block 14)
- tariff basis is per relevant account
- proposed tariff rate – 0.0178
- 2007/08 tariff rate – 0.009
- proposed minimum levy per firm – £100
- proposed total – £4,762,973
- 2007/08 total – £2,516,421
- proposed contributions by block – 24.1%
- contribution by block for 2007/08 – 10.0%
industry block 2
firms that undertake insurance activities subject to prudential regulation only (excluding firms in blocks 13 & 15)
- tariff basis is per £1,000 of relevant annual gross premium income
- proposed tariff rate – 0.165
- 2007/08 tariff rate – 0.065
- proposed minimum levy per firm – £100
- proposed total – £4,118,475
- 2007/08 total – £1,646,764
- proposed contributions by block – 20.7%
- contribution by block for 2007/08 – 8.9%
industry block 3
Society of Lloyd’s
- tariff basis – n/a
- proposed tariff rate – n/a
- 2007/08 tariff rate – n/a
- proposed minimum levy per firm – n/a
- proposed total – £38,000
- 2007/08 total – £28,000
- proposed contribution by block – 0.2%
- contribution by block for 2007/08 – 0.2%
industry block 4
firms that undertake insurance activities subject to both prudential and conduct of business regulation (long-term life insurers) (excluding firms in block 15)
- tariff basis is per £1000 of relevant adjusted annual gross premium income
- proposed tariff rate – 0.073
- 2007/08 tariff rate – 0.12
- proposed minimum levy per firm – £100
- proposed total – £4,667,569
- 2007/08 total – £7,075,924
- proposed contributions by block – 23.0%
- contribution by block for 2007/08 – 35.5%
industry block 5
fund managers (including those holding client money/assets and not holding client money/assets)
- tariff basis is flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 0.0005
- proposed minimum levy per firm – £200
- proposed total – £187,000
- 2007/2008 total – £356,881
- proposed contributions by block – 1.0%
- contribution by block for 2007/08 – 3.1%
industry block 6
operators, trustees and depositaries of collective investment schemes
- tariff basis – flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 0
- proposed minimum levy per firm – £75
- proposed total – £30,675
- 2007/08 total – £16,750
- proposed contributions by block – 0.1%
- contribution by block for 2007/08 – 0.2%
industry block 7
dealers as principal
- tariff basis – flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 0
- proposed minimum levy per firm – £75
- proposed total – £19,125
- 2007/08 total – £13,850
- proposed contributions by block – 0.1%
- contribution by block for 2007/08 – 0.1%
industry block 8
advisory arrangers, dealers or brokers holding and controlling client money and/or assets
- tariff basis is per relevant approved person
- proposed tariff rate – 130
- 2007/08 tariff rate – 150
- proposed minimum levy per firm – £130
- proposed total – £3,006,510
- 2007/08 total – £3,822,600
- proposed contributions by block – 15.0%
- contribution by block for 2007/08 – 25.3%
industry block 9
advisory arrangers, dealers or brokers not holding and controlling client money and/or assets
- tariff basis is per relevant approved person
- proposed tariff rate – 50
- 2007/08 tariff rate – 45
- proposed minimum levy per firm – £50
- proposed total – £1,562,400
- 2007/08 total – £1,503,000
- proposed contributions by block – 7.5%
- contribution by block for 2007/08 – 8.0%
industry block 10
corporate finance advisers
- tariff basis – flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 50
- proposed minimum levy per firm – £75
- proposed total – £35,775
- 2007/08 total – £26,000
- proposed contributions by block – 0.2%
- contribution by block for 2007/08 – 0.3%
industry block 13
cash plan health providers
- tariff basis – flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 50
- proposed minimum levy per firm – £55
- proposed total – £650
- 2007/08 total – £600
- proposed contributions by block – 0.0%
- contribution by block for 2007/08 – 0.0%
industry block 14
credit unions
- tariff basis – flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 50
- proposed minimum levy per firm – £50
- proposed total – £25,800
- 2007/08 total – £27,550
- proposed contributions by block – 0.2%
- contribution by block for 2007/08 – 0.2%
industry block 15
friendly societies whose tax-exempt business represents 95% or more of their total relevant business
- tariff basis – flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 50
- proposed minimum levy per firm – £50
- proposed total – £4,100
- 2007/08 total – £4,100
- proposed contributions by block – 0.0%
- contribution by block for 2007/08 – 0.0%
industry block 16
mortgage lenders, advisers and arrangers
- tariff basis – flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 50
- proposed minimum levy per firm – £60
- proposed total – £457,800
- 2007/08 total – £367,250
- proposed contributions by block – 2.5%
- contribution by block for 2007/08 – 2.3%
industry block 17
general insurance mediation
- tariff basis – flat fee
- proposed tariff rate – 0
- 2007/08 tariff rate – 50
- proposed minimum levy per firm – £60
- proposed total – £985,020
- 2007/08 total – £873,900
- proposed contributions by block – 5.5%
- contribution by block for 2007/08 – 5.9%
total – all blocks
- proposed total – £19,901,872
- 2007/08 total – £18,279,860