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 per transaction.
The PTM Levy is changing on the 2nd December 2024: from this date, share-dealing transactions in securities listed on UK exchanges, such as The LSE worth over £10,000 will incur a levy of £1.50 per trade. Transactions executed up to market close on the 29th November 2024 will be charged at the current rate of £1.00 per trade