What's the difference between levy and tariff?

Levy


Definition:

  • (n.) A name formerly given in Pennsylvania, Maryland, and Virginia to the Spanish real of one eighth of a dollar (or 12/ cents), valued at eleven pence when the dollar was rated at 7s. 6d.
  • (n.) The act of levying or collecting by authority; as, the levy of troops, taxes, etc.
  • (n.) That which is levied, as an army, force, tribute, etc.
  • (n.) The taking or seizure of property on executions to satisfy judgments, or on warrants for the collection of taxes; a collecting by execution.
  • (v. t.) To raise, as a siege.
  • (v. t.) To raise; to collect; said of troops, to form into an army by enrollment, conscription, etc.
  • (v. t.) To raise or collect by assessment; to exact by authority; as, to levy taxes, toll, tribute, or contributions.
  • (v. t.) To gather or exact; as, to levy money.
  • (v. t.) To erect, build, or set up; to make or construct; to raise or cast up; as, to levy a mill, dike, ditch, a nuisance, etc.
  • (v. t.) To take or seize on execution; to collect by execution.
  • (v. i.) To seize property, real or personal, or subject it to the operation of an execution; to make a levy; as, to levy on property; the usual mode of levying, in England, is by seizing the goods.

Example Sentences:

  • (1) The industry will pay a levy of £180m a year, or the equivalent of £10.50 a year on all household insurance policies.
  • (2) With grievous amazement, never self-pitying but sometimes bordering on a sort of numbed wonderment, Levi records the day-to-day personal and social history of the camp, noting not only the fine gradations of his own descent, but the capacity of some prisoners to cut a deal and strike a bargain, while others, destined by their age or character for the gas ovens, follow "the slope down to the bottom, like streams that run down to the sea".
  • (3) The levy would also confirm the dramatically changing nature of Pakistan's ties with its western partners, from a strategic alliance to a transactional relationship, with deep suspicions on both sides.
  • (4) Only appropriations bills and the deficit levy on high income earners are certain to pass.
  • (5) The chancellor has stated that such levies will also be introduced in France and Germany.
  • (6) The sanctions that could be levied in the aftermath of the Geneva meeting were expected to focus on Putin's close associates, including oligarchs who control much of Russia's wealth, as well as businesses and other entities they control.
  • (7) The Treasury was adamant last night that this would not be the impact at an industry level and produced figures that showed, for instance, in 2014-15, the corporation tax costs being £0.4bn, compared with a bank levy yield of £2.4bn.
  • (8) He echoed what Paul Dillinger, head of global product innovation at Levi Strauss, said earlier in the day when he challenged designers to rethink their design processes.
  • (9) The £180m a year scheme is to be paid for by a £10.50 levy on all home insurance, from homeowners who are not at elevated risk of flooding as well as those who are.
  • (10) Asked if the government security agencies would be inspecting the site, Levy said: “Yes, of course.
  • (11) The sugar tax was greeted with hostility by the industry and Wright argues that the levy, introduced by the chancellor in the budget , will be undermined by flawed analysis of its impact.
  • (12) Daniel Levy, the chairman, was, according to sources, incandescent and there is the firm belief at Tottenham that Chelsea did not truly want Willian.
  • (13) Levies exist in many European countries and Canada, and Ofcom highlighted them as one of four main ideas in its PSB review earlier this year.
  • (14) The chancellor, while prepared to listen to the banking industry, is determined to push through regulatory changes, such as the new bank levy.
  • (15) Miliband says he does not want union levy payers disenfranchised from the Labour party elections, but is happy to look at how the relationship could be reformed.
  • (16) The soft drinks industry levy was confirmed in the Queen’s speech, with the formal consultation expected to start soon.
  • (17) I can’t think of any reason to justify a 1.5% levy on businesses for childcare purposes.” The Australian Industry Group also called for a clarification that the levy was not going to be redirected.
  • (18) The penalties levied on Barclays are part of an international investigation involving a number of banks – including RBS and Lloyds Banking Group – into interest rates known as the London interbank offered rate (Libor) and the Euro interbank offered rate (Euribor).
  • (19) This year the total bonus pool since the 2008 crash will break through the £80bn barrier – around three and a half times the amount banks have paid in Corporation tax and the bank levy (pdf) .
  • (20) He added: "The levy has been designed to encourage less risky funding and complements the wider agenda to improve regulatory standards and enhance financial stability.

Tariff


Definition:

  • (n.) A schedule, system, or scheme of duties imposed by the government of a country upon goods imported or exported; as, a revenue tariff; a protective tariff; Clay's compromise tariff. (U. S. 1833).
  • (n.) The duty, or rate of duty, so imposed; as, the tariff on wool; a tariff of two cents a pound.
  • (n.) Any schedule or system of rates, changes, etc.; as, a tariff of fees, or of railroad fares.
  • (v. t.) To make a list of duties on, as goods.

Example Sentences:

  • (1) The announcement on feed-in tariffs will be welcomed by Labour backbenchers, who staged the biggest revolt of Gordon Brown's leadership over the issue.
  • (2) Ofgem said separately that tougher rules taking effect on Tuesday would ban energy companies from increasing prices on fixed-term tariffs.
  • (3) Trump might claim that the loss of manufacturing jobs or the influx of illegal immigrants from Mexico is a national security crisis that justifies his invocation of this law, and imposition of the tariff.
  • (4) It’s a damp squib, a bit of a nothing result,” a leading energy analyst said of a report that is widely expected to endorse provisional findings released in March , and recommend price controls on prepayment meters and setting up a customer database to help rival suppliers target customers stuck on expensive default tariffs.
  • (5) • Feed-in tariffs (FITs) for small-scale renewables: Fears that existing FITs would be cut were unfounded.
  • (6) There is also the issue of fair sentencing – if a person has a violent fight in a bar and is sentenced to an IPP with a two year tariff, and then finds himself stuck in the system six years later he has received a punishment three times more severe than the crime he committed in the eyes of the court.
  • (7) Fact-check: Donald Trump on trade, globalization and the Clintons Read more While not mentioning Trump by name, Lagarde made it clear she strongly opposed the Republican candidate’s policies, which include higher US tariffs and a barrier along the border with Mexico.
  • (8) It said 3,531 IPP prisoners had passed their tariffs – the dates set by their trial judge for their earliest release.
  • (9) Britain’s biggest energy provider said that the price cut, which will take effect from 27 August, would reduce annual energy bills on average by £35 and benefit 6.9 million of its customers on Standard and Fix & Fall tariffs.
  • (10) The Federal Chamber of Automotive Industries, which represents carmakers, also says any move to reduce quickly the 5% tariff on imported cars – which will make new cars up to $2000 cheaper – may also force earlier closure.
  • (11) "It really likes the fact that 95% of cars on the road are built here, thanks to very high tariffs on imported cars.
  • (12) Taking out low-risk, high-volume, interventions which injected money into the NHS – due to the pricing of the tariff – is exposing NHS hospitals to the risk of financial failure.
  • (13) Experts say it is not delivering fast enough and a campaign for a feed-in tariff is growing, although the government dismisses FITs as too "interventionist".
  • (14) At £977 a year, its Thames Online tariff fixes prices for 12 months – and customer service reports are more positive.
  • (15) All households should therefore check their tariff and search the market to see if they can save money elsewhere, and consider fixing.
  • (16) As soon as the feed-in tariff was removed, that position looked very different.” What’s more, Rumble believes that solar energy was just a few years away from being cheap enough not to require government support to grow.
  • (17) First Utility's cheapest fixed rate tariff, iSave Fixed v4, which sets prices until March 2014, costs £1,087.
  • (18) A spokeswoman for the prime minister claimed that Ofgem's proposals, which would prevent suppliers from offering any more than four primary tariffs for each fuel type, would sit alongside Cameron's stated plans for legislation which could force suppliers to give customers the cheapest deals.
  • (19) If prices rise by 10% from current levels users will, on average, be £142 a year better off on the EDF tariff.
  • (20) Another difficulty is that the US is faster and more determined than the EU to impose tariffs when it judges that illegal Chinese dumping is taken place.