The PTM levy applies to any individual transactions conducted on the UK exchanges, such as The London Stock Exchange (LSE) worth over £10,000.
When transactions like this occur, the details are sent to the UK Panel on Takeovers & Mergers for clearance, incurring a flat fee of £1.5 per transaction.
Stock trading transactions in securities listed on UK exchanges, such as The LSE worth over £10,000 will incur a levy of £1.50 per trade.