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⇱ levy | meaning of levy in Longman Dictionary of Contemporary English | LDOCE

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English

levy

From Longman Dictionary of Contemporary EnglishRelated topics: Taxlevylev‧y1 /ˈlevi/ AWL verb (levied, levying, levies) [transitive] PETPAY FORto officially say that people must pay a tax or chargelevy a tax/charge/fine etc (on something) a new tax levied on all electrical goods→ See Verb tableExamples from the Corpuslevy• However it does not levy a general sales tax; sales taxes are the bread and butter of most state governments.• If the government wishes to raise tax revenue in order to subsidize the poor, it should levy a tax on films.• A separate Cancellation Charge will be levied in respect of bookings cancelled in accordance with paragraph 4.• Tax was levied on the land regardless of crop yield, and an average family could hardly break even.• Taxes are not levied on the young to pay for the old.• Payroll taxes are levied only on wages and salaries-not profits, interest, dividends, or capital gains.• Taxes should be designed to encourage greater effort and levied only when wealth is achieved.• Official scorers levy the errors, but their standards are no less disparate than any other group of 50 people. levy a tax/charge/fine etc (on something)• But instead of levying fines, prosecuting plant officials or revoking their licenses, the agency only wrote threatening letters to trustees.• If the government wishes to raise tax revenue in order to subsidize the poor, it should levy a tax on films.• Legislative acts that levied taxes and defined benefits have never contained any provisions for investing in assets to provide future benefits.• Representative David Bard of Pennsylvania proposed that the national government levy a tax on each slave imported.• Sometimes the government has the opportunity to levy taxes which will actually improve efficiency and reduce waste.• Suppose the government levies a tax, equal to the vertical distance E *.• The new parliament will be empowered to levy a tax on its citizens to raise about $ 750 million a year. Related topics: Taxlevylevy2 AWL noun (plural levies) [countable] PETan additional sum of money, usually paid as a taxlevy on He wants to impose a levy on landfill waste. Examples from the Corpuslevy• Cuts in personal and business taxation and social insurance levies are a top priority, to revive weak investment.• He is planning a new levy of 15 cents a month from each union member, to be spent on political campaigns.• Whether the penny-a-pound levy would force growers out of business is a matter of dispute.• It will be funded principally by the levy.• Employers with a payroll of £45,000 or less will be exempt from the levy.• Wolsey met the first crisis by ordering the levy of a forced loan.• In poll-capped Brent, where the levy and average bills only increased by 4%, the swing against Labour was 7.3%.levy on• A 15% tax is levied on most hotel services.From Longman Business Dictionarylevylev‧y1 /ˈlevi/ verb (past tense and past participle levied) levy a tax/charge/fine etc to officially make someone pay a tax etcThe penalty is among the largest fines ever levied for environmental crimes.levy something on something/somebodyThe city will levy a tax of $68 a year on each piece of property in the district. → See Verb tablelevylevy2 noun (plural levies) [countable]1TAXa taxThe minister announced higher levies on heating oil and gasoline. → capital levy → import levy2a charge paid by members of a professional association or TRADE UNIONHe is planning a new levy of 15 cents a month from each union member.3American EnglishTAXLAW an occasion when the authorities take a person’s or organization’s assets because they have not paid tax that they oweThe IRS now uses two million levies a year to seize wages, bank accounts, and other funds of delinquent taxpayers.Origin levy2 (1400-1500) French levée; → LEVEE
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Verb table
levy
Simple Form
Present
I, you, we, theylevy
he, she, itlevies
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Past
I, you, he, she, it, we, theylevied
Present perfect
I, you, we, theyhave levied
he, she, ithas levied
Past perfect
I, you, he, she, it, we, theyhad levied
Future
I, you, he, she, it, we, theywill levy
Future perfect
I, you, he, she, it, we, theywill have levied
> View Less
Continuous Form
Present
Iam levying
he, she, itis levying
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you, we, theyare levying
Past
I, he, she, itwas levying
you, we, theywere levying
Present perfect
I, you, we, theyhave been levying
he, she, ithas been levying
Past perfect
I, you, he, she, it, we, theyhad been levying
Future
I, you, he, she, it, we, theywill be levying
Future perfect
I, you, he, she, it, we, theywill have been levying
> View Less