I. lev ‧ y 1 AC /ˈlevi/ BrE AmE verb ( past tense and past participle levied , present participle levying , third person singular levies ) [transitive]
to officially say that people must pay a tax or charge
levy a tax/charge/fine etc (on something)
a new tax levied on all electrical goods
II. levy 2 AC BrE AmE noun ( plural levies ) [countable]
[ Date: 1400-1500 ; Language: French ; Origin: levée ; ⇨ ↑ levee ]
an additional sum of money, usually paid as a tax
levy on
He wants to impose a levy on landfill waste.
• • •
THESAURUS
▪ tax money that you must pay to the government, especially from the money you earn, or as an additional payment when you buy something:
How much income tax do you pay each month?
|
The Republicans promised to reduce taxes before the last election.
|
Consumers are angry that the tax on petrol has gone up yet again.
▪ duty a tax you pay on something you buy:
The budget also sharply raised the duty on alcohol and tobacco.
|
customs duty (=tax you pay on goods you buy and bring into the country)
▪ tariff a tax on goods coming into a country or going out of a country, especially to protect a country’s industry from cheap goods from other countries:
the import tariffs on hi-tech equipment
|
The government’s tariff and trade policies came under fierce attack.
▪ levy an extra amount of money that you have to pay the government, usually as a tax, often in order to encourage people not to use or do something:
A new levy on fuel inefficient vehicles has been proposed.
▪ surcharge an amount of money that you have to pay in addition to the agreed or stated price of something:
British Airways will increase its fuel surcharge on all airline tickets from June 3.
|
When you get cash at some machines, you have to pay an ATM surcharge.