What if I am an employer that D&B cannot match to a Failure Score or risk rating for the 2012/13 levy?
Where an employer could not be matched, D&B will applied:
• A scheme average levy rate calculated as at the last working day of March 2012 as the mean levy rate for those employers (in schemes with at least 10 employers) that have been matched, without rounding to a band; or where this is not possible:
• An industry average levy rate based upon the Standard Industrial Classification (SIC) code, again as at the last working day of March. This will be calculated as the median levy rate for employers having that SIC code without rounding to a band; or where neither this nor a scheme average is possible:
• A blended average calculated as the median levy rate for all UK employers receiving a Failure Score, again without rounding to a band.
Published: Wednesday, August 08, 2012
Associated Subjects: D&B;Failure Scores;Levy;New Levy Framework (Levy from 2012/13);Invoicing 2012/13
Associated Roles: Employers;Pensions Professionals;Trustees
Levy Sub-Category: Insolvency Risk
Levy Year: 12/13
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