levy
noun [ C ]
FINANCE, TAX uk/ˈlevi/ usplural leviesan amount of money, such as a tax, that has to be paid to a government or organization:
The financial authority is to impose a levy on every financial product sold.
be exempt from/pay a levy Social Security income that resides in a bank account is exempt from a levy.
abolish/end a levy The government plans to abolish a levy on equities trading.
Compare
capital tax
import duty
levy
verb [ T ]
FINANCE, TAX uk/ˈlevi/ usto officially ask for an amount of money, such as a tax, for a government or organization:
levy a tax on sth The tax is levied on companies' energy use.