FIN074 Return: UK Revenue Reporting for the Economic Crime Levy

ByRegReportingDesk
RegReportingDesk card: FCA, Financial Conduct Authority, United Kingdom

For financial years beginning on or after 1 April 2026, a firm with a 12-month relevant accounting period pays £500,000 in Economic Crime Levy where its UK revenue exceeds £500 million but does not exceed £1 billion, and £1 million where it exceeds £1 billion. Finance Act 2026 section 113 introduced these charges, but Finance Act 2022 section 55(3) requires the revenue thresholds to be adjusted proportionately where the relevant accounting period is not 12 months. For firms the Financial Conduct Authority (FCA) supervises under the Money Laundering Regulations 2017 (MLRs), the FIN074 return on RegData carries the single figure that decides the band: UK revenue.

Small firms file too. The FCA’s FIN074 page states that firms in scope of the MLRs whose revenue is too low to pay the levy still have to submit, and that a firm which fails to submit receives a £250 penalty under regulation 20(1)(a) of the Economic Crime (Anti-Money Laundering) Levy Regulations 2022 and may risk receiving the levy in error. Close to the £500 million line, the reported figure moves the levy by £464,000 in either direction.

Related reading: FCA Annex 1 Firms: Tougher AML Scrutiny From August 2026

The levy is a tax. Section 53 of the Finance Act 2022 creates the economic crime (anti-money laundering) levy and hands its collection and management to the “appropriate collection authority”: the FCA for persons it supervises, the Gambling Commission for persons it supervises, and HMRC in every other case. Section 54 charges the levy for a financial year when a person carries on a regulated business at any point in that year and its UK revenue falls in one of the bands in section 55. Section 65 defines “regulated business” as a business carried on by virtue of being a relevant person under regulation 8(1) of the MLRs, so the FIN074 population is drawn by anti-money laundering status. FSMA permissions alone do not settle it.

Section 58 lets HM Treasury make regulations on assessment, payment, returns and enforcement. It did so in the Economic Crime (Anti-Money Laundering) Levy Regulations 2022 (SI 2022/269), whose FCA provisions came into force on 1 April 2022. Part 3 of those regulations (regulations 4 to 7) applies where the FCA is the collection authority, and regulation 5 is the reporting power. Under regulation 5(1) the FCA may give a notice requiring a person it supervises for anti-money laundering purposes to make a levy return of its UK revenue for a financial year. Regulation 5(2) then has the notice fix three things: the deadline (the “FCA return date”), the information required, and the form and manner of the return.

The code FIN074 is the name of the FCA’s RegData return and does not appear in the regulations; the FCA’s page ties the two together by citing regulation 20(1)(a), the penalty for failing to make a levy return by the FCA return date, as the consequence of not submitting FIN074. FIN074 appears to be the form and manner the FCA specifies under regulation 5(2)(b); this is an interpretation, as the FCA’s page does not put it in those words.

The ECL sits outside the FCA’s own fees rulebook. The FCA’s 2026/27 fees policy statement, PS26/14 (July 2026), lists the Money and Pensions Service levies, the devolved authorities’ debt advice levies and the illegal money lending levy as the levies it collects on behalf of government departments, and covers the ECL in a separate passage: because the levy’s terms are determined by legislation, it did not form part of the FCA’s fees consultation. The FCA describes itself as collecting the ECL on behalf of HM Treasury, and section 59 sends what it receives to the Consolidated Fund and permits a deduction for reasonable administrative costs before payment. A Complaints Commissioner report of 19 June 2026 (complaint 202500673) records the same position: the FCA does not set who pays the ECL or how much, and the amount is fixed in legislation.

Who must report FIN074: firms the FCA supervises under the MLRs, small ones included

The FCA’s page states the filing population in one sentence: firms it supervises under the MLRs complete FIN074 on RegData. Three distinctions decide whether that sentence captures a particular entity.

Supervision under the MLRs, whatever the FCA status

Regulation 7 of the MLRs lists who the FCA supervises. Beside authorised credit and financial institutions, the list reaches entities whose FCA relationship is a registration or an authorisation outside the usual FSMA route: Annex 1 financial institutions, electronic money institutions, and cryptoasset exchange providers and custodian wallet providers. When FIN074 launched in 2023, the FCA said firms registered only as Annex 1 financial institutions would receive a letter asking them to report their data. A cryptoasset business registered with the FCA under the MLRs sits in the FIN074 population on the strength of that registration; the separate FSMA authorisation regime for crypto firms is covered in our explainer on the FCA cryptoasset authorisation gateway.

Activity-level scope inside the MLRs

Under regulation 10(2)(a) of the MLRs, an undertaking carrying on a listed activity from Schedule 2 is a financial institution unless regulation 10(3) excludes it. Receiving FIN074 means the FCA has assessed the firm as subject to the MLRs. The FCA’s page then works through specific boundary cases:

Business line Position on the FCA’s FIN074 page Basis cited
Consumer credit lending Lending is a listed activity; a firm whose only listed activity is credit meeting the regulation 10(3)(b) conditions may be exempt MLRs reg 10(3)(b): debtor-creditor-supplier agreements under s.12(a) Consumer Credit Act 1974 providing fixed-sum credit for services, within that paragraph’s repayment conditions
Consumer hire and leasing Financial leasing is in scope; operating leases are outside Schedule 2 MLRs; JMLSG Guidance Part 2, para 11.8, as quoted by the FCA
Insurance General insurance outside; long-term insurance (for example life policies) in scope; reinsurance-only firms outside MLRs reg 10(2)(b), which excludes reinsurance contracts from 30 June 2026
Debt purchase Pure debt purchasers outside; firms with other MLR activities still need registration FCA FIN074 page

A firm that believes an exemption applies is expected to send the FCA its own assessment of why it is out of scope, and to do so well before the FIN074 due date. For insurers, the FCA says that if it agrees, it removes FIN074 from the firm’s RegData profile. Nothing on the page suggests the return can be left unfiled while the question is open, and I would not read it that way.

Size decides payment, never the return

For a 12-month relevant accounting period, the lowest chargeable band begins where UK revenue exceeds £10.2 million. Section 55(3) adjusts that threshold proportionately where the relevant accounting period is shorter or longer than 12 months. A person whose UK revenue does not exceed the applicable adjusted threshold owes no levy. The FCA’s page is explicit that small firms in scope of the MLRs must still submit FIN074.

The FCA does not publish a group or consolidated FIN074 filing route, and section 54 charges the levy by reference to each person. For a partnership whose responsible partners receive an FCA notice, regulation 5(4) requires those partners to make the return in the partnership’s name. The separate liability rules for partnerships are in section 60. HMRC’s guidance for the population it collects from says the same in terms, with each eligible group member registering, filing and paying separately.

What the report contains: one UK revenue figure, built under sections 56 and 57

The FCA describes FIN074’s content in a line: UK revenue for a given financial year. The field-by-field FIN074 guidance sits inside RegData behind a My FCA sign-in and is not on the FCA’s public site, so the public record does not show the return’s field names, whether it asks for accounting period dates, or how it treats estimates. HMRC’s version of the levy return, built on the same statute, asks for the relevant accounting period, UK revenue for that period, how long the business carried out AML-regulated activity during the financial year, and the preparer’s contact details. Whether FIN074 asks for the same items cannot be confirmed from the FCA’s public material.

The period

The financial year runs from 1 April to 31 March. Section 56 makes the relevant accounting period the one that ends in that financial year, and a period ending on 31 March itself counts as ending in it (section 56(3)). Applied to a 31 December year-end, the figure for the financial year to 31 March 2027 comes from the accounts for calendar year 2026.

The revenue

Section 57(7) defines revenue as turnover for the period plus any other amounts recognised as revenue in the profit and loss account or income statement under generally accepted accounting practice. A person that does not draw up GAAP accounts uses the amounts that would have been recognised (section 57(8)). Section 57(9) ignores certain distributions from connected companies within sections 1122 and 1123 of the Corporation Tax Act 2010, subject to the trading-receipts condition in that paragraph, and any other revenue that Treasury regulations specify.

The UK share, and the error that inflates or deflates it

A UK-resident person starts from all of its revenue and removes only the part that, on a just and reasonable apportionment, is attributable to permanent establishments outside the UK (section 57(2)). Section 57 does not strip out revenue from business lines that fall outside the MLRs. A firm whose AML-regulated activity is a small sideline therefore reports its whole UK revenue, and HMRC’s 2024 guidance (since withdrawn) said so directly: UK revenue covers the entity’s entire UK revenue, including turnover from activity outside MLR supervision.

The FCA’s Annual Financial Crime Report under SUP 16.23 is scoped the other way. A firm reports only data relating to the parts of its business subject to the MLRs (SUP 16.23.4R(2)). Any revenue figure prepared on that regulated-business-only basis is the wrong starting point for FIN074.

Section 55 states its thresholds in sterling. The FCA’s public page says nothing about units, rounding or sign conventions for the FIN074 entry; if such conventions exist, they are in the RegData guidance.

The bands the figure feeds

Bands and charges for financial years beginning on or after 1 April 2026, assuming a 12-month relevant accounting period (Finance Act 2022 ss.54 and 55, as amended by Finance Act 2026 s.113; adjust the revenue thresholds proportionately for other period lengths under s.55(3))
Band UK revenue for the relevant accounting period Levy for the financial year
Below band A £10.2 million or less Nothing charged
A More than £10.2 million, not more than £36 million £10,200
B More than £36 million, not more than £500 million £36,000
C More than £500 million, not more than £1 billion £500,000
D More than £1 billion £1 million

The boundaries are drafted as “more than” and “not more than”, so UK revenue of exactly £36 million sits in band A. Where the relevant accounting period is not 12 months long, section 55(3) adjusts the thresholds proportionately. The charge itself is reduced only under the separate part-year rule in section 54(3).

FIN074 deadlines: the FCA return date, the arrears invoice and the payment ladder

No statute or public FCA page fixes a calendar date for FIN074. Regulation 5(2)(a) makes the deadline (the “FCA return date”) whatever date the FCA’s notice specifies, and the FCA’s page refers to “the FIN074 due date” without stating it. Firms should check the FIN074 date displayed in their RegData schedule against the applicable notice and resolve any discrepancy with the FCA before submission.

The cycle around that date is fixed by the legislation:

Step Rule Source
Levy year Financial year, 1 April to 31 March Finance Act 2022 Part 3; GOV.UK guidance
Revenue measured Accounting period ending in that financial year Finance Act 2022 s.56
FIN074 filed By the FCA return date in the notice SI 2022/269 reg 5(2)(a)
Amendments Up to 12 months after the FCA return date SI 2022/269 reg 5(3)
Levy notice FCA notifies the amount, the due date and how to pay SI 2022/269 reg 6(1)
Payment Due date at least 30 days after the notice SI 2022/269 reg 6(1)(b)

The levy has applied since the financial year beginning April 2022 (section 66). The FCA’s announcement of 9 March 2023 told affected firms to submit their data through the new FIN074 RegData report from 1 April that year, after the first levy year had closed. A financial year that ends on 31 March is therefore reported in the FIN074 cycle that follows it, and the levy for it is invoiced later still.

The arrears invoice, as one complaint shows

The Complaints Commissioner’s report on complaint 202500673 sets out how the FCA invoices the ECL. In the FCA Revenue team’s explanation, as the report records it, the ECL is paid a year in arrears, so firms are invoiced for the previous financial year. The first ECL invoice, issued on 8 August 2023, did not say that it related to the previous year, and the FCA later changed its invoice wording because the point had confused firms.

An invoice issued on 13 October 2025 and titled “Regulatory fees and levies: 1 April 2025 and 31 March 2026” carried an ECL fee that, on page 3, related to the previous financial year. The firm had cancelled its permissions with effect from 30 April 2025 and argued it should not pay. The complaint was not upheld: the FCA confirmed the charge related to 2024/25, when the firm was still authorised, and the Commissioner found the invoice wording made the levy period clear. The period printed in an invoice title is the FCA’s fee year; the ECL line on the same invoice belongs to the year before.

Interest and penalties

Late payment can attract interest under regulation 7: simple interest, calculated daily, at 5 percentage points above Bank Rate, running from a day the FCA sets that cannot be earlier than the due date. Penalties step up with time, under regulation 20 and the Schedule to the regulations:

Failure Regulation Penalty
Return not made by the FCA return date 20(1)(a) £250
Return still not made 3 months after the FCA return date 20(1)(h) 5% of the levy the authority considers due
Levy not paid by the due date 20(1)(b) £250
Levy still unpaid 30 days after the due date 20(1)(i) £250
Levy still unpaid 3 months after the due date 20(1)(k) 5% of the unpaid levy

A penalty may be imposed for each failure (regulation 20(2)), none may be imposed where the person shows a reasonable excuse (regulation 20(3)(a)), and a penalty notice must be given within 4 years beginning with the due date (regulation 23). The FCA warns that a firm which fails to submit a required FIN074 will receive a £250 penalty fee, even where it is below the levy-paying threshold. Regulation 20 frames its penalty provisions by reference to levy liability, and the FCA’s public guidance does not establish how the additional percentage penalty under regulation 20(1)(h) applies where no levy is payable.

The 30 September ECL return deadline applies to HMRC’s levy process and also to the Gambling Commission’s process for liable entities. For FCA-supervised firms the FIN074 deadline is the date specified in their FCA return notice, and they do not register with HMRC for the levy. Banks already run HMRC calendars for other returns, such as the BBSI return for bank and building society interest, and HMRC’s ECL date belongs on that side of the calendar, away from FIN074.

Submission through RegData: access, form, declaration and records

FIN074 is completed on RegData, the FCA’s data collection platform, and the FIN074 guidance is reached by signing in to My FCA. The public sources specify no file format, taxonomy, XBRL or XML version, or file-naming convention for FIN074, and regulation 5(2)(b) leaves form and manner to the FCA’s notice. A firm planning an automated feed would need the RegData guidance itself; the public page gives nothing to build against.

Each return carries a declaration that it is correct and complete to the best of the filer’s knowledge (regulation 5(2)(c)). A filer may amend the return at any time up to 12 months after the FCA return date (regulation 5(3)). Where FIN074 sits wrongly on a RegData schedule, the FCA’s page asks the firm to contact it in two situations: an exempt firm that still sees FIN074, and a supervised firm that does not.

Regulation 17 sets the record-keeping duty. A person liable to pay the levy keeps the records needed to make a complete and accurate return, in a form the collection authority can readily read and that shows whether a record has been corrected or amended and what it said before. The records are preserved until the sixth anniversary of the end of the period for which a return may be required, or an earlier day the authority specifies in writing. A revenue workpaper overwritten in place, with no trace of the earlier figure, would sit awkwardly with that amendment-visibility requirement.

Validation of a FIN074 return: statutory accuracy tests in place of a published rule set

The FCA publishes no validation rules, schema checks or list of rejection causes for FIN074. Its public page names two problems only, the schedule mismatches described above. Both are scope questions, and the FCA’s answer to both is to contact it. Any arithmetic or format checks RegData applies on entry are not described publicly.

The accuracy test that carries consequences is statutory. Regulation 20(1)(c) penalises a return that is not complete and accurate so that less levy is charged than section 54 requires; the Schedule sets the penalty at £250, or 5% of the difference between the levy paid and the amount the authority considers due, at the authority’s discretion. Regulation 20(1)(d) applies the same scale to a failure to notify the authority in writing of an under-assessment, and regulation 20(1)(e) to a failure to notify a repayment that should not have been made.

Because the charge is a band amount, my reading of regulation 20(1)(c) is that it bites only on an error that lowers the charge: a lower band, no band at all, or a larger part-year reduction than the facts support. That reading does not soften the declaration, which covers the whole figure. The checks a reviewer can re-perform from the statute are short:

  • The period is the one section 56 points to, including the aggregation and fallback rules where the accounting reference date has moved.
  • Identify revenue under section 57(7), applying the exclusions in section 57(9). For UK residents, deduct revenue attributable to non-UK permanent establishments under section 57(2). For non-UK residents, determine revenue attributable to UK permanent establishments under section 57(3), subject to the additional remote-gaming rules in subsections (4) and (5).
  • Thresholds are pro-rated under section 55(3) where the period is not 12 months.
  • A figure that lands exactly on a threshold is placed in the lower band.

The Complaints Commissioner case shows a different failure. A firm that read its ECL invoices as covering its current period said it lost the chance to review its position, amend its return or cancel its authorisation earlier, within the permitted amendment period. The Commissioner found the invoice wording sufficient.

Caveats for FIN074 filers: part-year activity, dual supervision, branches and overlapping returns

Part-year activity reduces the charge. Under section 54(3), the band amount is proportionately reduced for a person that carries on regulated business for only part of the financial year. The FCA’s public page does not say how FIN074 captures the months of activity; HMRC’s return asks for it as a separate item. A firm ceasing MLR-regulated business part-way through a financial year owes the levy for that year only if its UK revenue falls within an applicable chargeable band. Where a charge arises, section 54(3) reduces it proportionately to reflect the period during which the person carried on regulated business. Levies properly due for earlier financial years remain payable.

Dual supervision has a default. Where both the FCA and the Gambling Commission are collection authorities for the same person, regulation 3 of the levy regulations makes the FCA the authority unless the two agree that the Gambling Commission will act, in which case the Commission notifies the person in writing.

For a non-UK-resident person, section 57(3) generally measures UK revenue by the amount attributable, on a just and reasonable basis, to UK permanent establishments. Sections 57(4) and 57(5) additionally bring certain remote-gaming revenue of non-UK-resident casinos into the calculation, even where that revenue is not attributable to a UK permanent establishment. Section 57(6) applies the permanent-establishment definition in Chapter 2 of Part 24 of the Corporation Tax Act 2010. Regulation 10 of the MLRs brings UK branches of credit and financial institutions into scope. UK branches of international banks already report branch-level figures to the PRA in the PRA Branch Return; for the levy, the measure is the revenue attributable to the UK permanent establishment under the Corporation Tax Act test. The FCA’s page does not address branches separately.

Relief is limited to what the Act builds in: no charge below band A and the part-year reduction. I found no provision in SI 2022/269 that waives the return itself; the reasonable-excuse defence in regulation 20(3) goes to penalties.

FIN074 also overlaps with the FCA’s Annual Financial Crime Report under SUP 16.23, part of the financial crime data agenda discussed in our note on the FCA’s June 2026 financial crime speech. The two differ in ways that matter for a reporting calendar. The Annual Financial Crime Report applies to firms within SUP 16.23.1R and the categories listed in SUP 16.23.2R, subject to the exclusions in SUP 16.23.1R. Separate FCA directions extend the reporting requirements to electronic money institutions under SUP 16.15.5A and to payment institutions under SUP 16.13.3-AA, which excludes payment institutions authorised only for account information, payment initiation or money remittance services (with no other regulated activities) and holders of a temporary payment institution authorisation of the kind the rule describes.

The report is due within 60 business days of the applicable accounting reference date under SUP 16.23.7R. A single group report may satisfy the reporting requirements under SUP 16.23.5G, although the obligation remains with each individual firm. Under SUP 16.23.4R(2), the report covers only the parts of the business subject to the Money Laundering Regulations. FIN074 has no published group route and uses whole UK revenue.

Unpaid amounts can move to HMRC. Regulation 25 lets HMRC collect and recover unpaid levy, interest or penalties due to another collection authority when that authority asks it to.

Changes to FIN074 and the levy bands since 2022

Date Change Source
Financial year from April 2022 Levy applies; SI 2022/269 Part 3 governs FCA collection Finance Act 2022 s.66; SI 2022/269
Financial year from April 2022 (inserted 2023) Parts 7 to 10 added: information, records, repayment, penalties, reviews and appeals SI 2023/369
From 1 April 2023 FIN074 opens on RegData for first submissions FCA announcement, 9 March 2023
8 August 2023 First FCA invoice carrying the ECL Complaints Commissioner report, 19 June 2026
Financial year from April 2024 Top-band charge rises from £250,000 to £500,000 Finance (No. 2) Act 2024 s.21; HMRC policy paper, 6 March 2024
Financial year from April 2026 Bands renamed A to D; new band C for UK revenue above £500 million up to £1 billion; band A and band D charges raised Finance Act 2026 s.113
1 April and 1 May 2026 FCA updates its page’s administrative fee text, then corrects its penalty fee wording (the page now cites reg 20(1)(a)) FCA FIN074 page
30 June 2026 Reinsurance contracts excluded from the long-term insurance limb of the MLRs SI 2026/621, amending MLRs reg 10(2)(b)
4 August 2026 FCA revises the insurance firms section of its FIN074 page FCA FIN074 page
By end of 2027 Government review of the levy HMRC policy paper, updated 21 January 2026

Before April 2024 the three bands were medium (£10,000), large (£36,000, covering UK revenue above £36 million up to £1 billion) and very large (£250,000). The 2026 reform split the old large band at £500 million. HMRC’s policy paper, last updated 21 January 2026, estimates about 1,300 to 1,400 businesses in band A, 100 to 110 in band C and 110 to 120 in band D, without splitting those figures by collector, and restates the objective that no business pays more than 0.1% of its revenue; band A’s £10,200 is 0.1% of the band’s £10.2 million floor. The same paper confirms that the higher rates first apply to the financial year running from April 2026 to March 2027, with first payments due by the date the relevant collector sets.

For FIN074 filers, the 2026 change alters the consequence of the figure without altering the figure itself: the section 56 and 57 build is unchanged. An amendment to an earlier year’s return is measured against that year’s bands.

Frequently Asked Questions

We changed our accounting reference date, so two accounting periods end inside the same financial year. What revenue goes on FIN074?

Section 56(4) combines them. The UK revenue for the relevant accounting period is the total across both periods, and the period’s length is their combined length. If the combined length differs from 12 months, the section 55(3) pro-rating applies to that combined length.

We are newly registered and no accounting period of ours ends in the financial year. Is there anything to report?

Section 56(5) supplies a period. If an accounting period ends within the 3 months beginning with the end of the financial year, that period is used; otherwise the last accounting period ending before the financial year began is used. Where neither exists, section 56(6) takes the part of UK revenue that, on a just and reasonable apportionment, is attributable to the financial year.

Some of our activity is supervised by HMRC for AML purposes as well as by the FCA. Do we file with both?

FIN074 is the only levy return in that case. HMRC’s registration guidance tells businesses supervised by both HMRC and the FCA to follow the FCA’s process and pay the levy to the FCA, without registering with HMRC. The regulations’ own tie-breaker in regulation 3 covers the FCA and the Gambling Commission only, so the HMRC overlap rests on section 53(3), which names the FCA for any person it supervises, and on that guidance.

Our firm is a partnership. Who signs and who pays?

Where the FCA’s notice goes to the responsible partners, they make the return in the partnership’s name (regulation 5(4)). Under section 60, a partnership that is a legal person distinct from its partners is liable itself; otherwise the responsible partners are jointly and severally liable, and regulation 7 extends that joint and several liability to late payment interest.

Can the levy be deducted for corporation tax?

No. Section 54(4) excludes any levy payment when profits or losses are calculated for income tax or corporation tax, and the exclusion applies whatever the band.

We found an understatement after the 12-month amendment window closed. What then?

Regulation 5(3) only allows amendment within 12 months of the FCA return date. Regulation 20(1)(d) makes a failure to notify the collection authority in writing of an under-assessment a penalty matter, so on my reading the regulations expect written notification even once the amendment route has closed. Where the error runs the other way, Part 8 of the regulations (regulations 18 and 19) deals with repayment of overpaid levy and claims for it.

If we disagree with an FCA levy or penalty decision, can we go straight to a tribunal?

The appeal right in regulation 30 is worded for decisions of the Gambling Commission or the HMRC Commissioners, and it does not name the FCA. Regulation 29 permits the FCA to review a levy decision at the levy payer’s request, but does not establish that an internal review must always precede a court challenge. For FCA penalty notices, regulation 22(2)(c)(i) expressly requires information about the right to apply for judicial review.

Key Takeaways

  • Check the FIN074 date on the RegData schedule against the FCA notice each year, and get any out-of-scope assessment to the FCA before that date.
  • Reconcile the ECL line on each FCA invoice to the FIN074 for the previous financial year, whatever fee year the invoice title shows.
  • A UK branch of a non-UK firm generally counts revenue attributable to its UK permanent establishment, tested under the Corporation Tax Act 2010 definition (section 57(3), with the remote-gaming additions in section 57(4) and (5)).
  • A firm supervised for AML purposes by both the FCA and HMRC files FIN074 and pays the FCA; it does not register with HMRC for the levy.
  • The levy is excluded from income tax and corporation tax computations under section 54(4), whatever the band.
  • Where regulation 17 applies, preserve the records needed to support the levy return until at least the sixth anniversary of the end of the period for which a return may be required, unless the collection authority specifies an earlier date in writing. Retain the history of corrections and the content of records before amendment.
  • A levy still unpaid 30 days after its due date exposes the firm to a second £250 penalty, and at 3 months to a penalty of 5% of the unpaid amount.

Sources and References

Preparing the Next FIN074 Submission

FIN074 preparation should begin from the relevant accounting-period revenue records once the applicable period has been identified under section 56, without assuming that signed accounts are a prerequisite. The statutory filing deadline is set by the FCA’s notice under regulation 5 and is not automatically extended because the accounts have not yet been signed. The sequence follows from the statute: identify the accounting period section 56 selects, compute UK revenue under section 57 from total revenue, place the result in band A to D using the thresholds for that financial year, and keep the workings in a form that preserves every change. The last step sits on RegData: the FIN074 date shown on the firm’s schedule should be checked against the FCA’s notice, whose specified date is the deadline the submission has to meet.

Disclaimer: The information on RegReportingDesk.com is for educational and informational purposes only. It does not constitute legal, regulatory, tax, or compliance advice. Always consult your compliance officer, legal counsel, or the relevant supervisory authority for guidance specific to your institution.

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