Author Archive
07.09.10 HMRC Guidance – Pakistan floods disaster – guidance on transmitting money
The Government recognises the crucial importance of individual giving and charitable donations at times of humanitarian crisis such as the Pakistan floods and therefore understands and values people’s desire to give money. This underlines the importance of knowing that money sent with best intentions is not inadvertently finding its way ...
07.09.10 Charity Commission publishes advice for donations for the floods in Pakistan
The Charity Commission, the independent charity regulator for England and Wales, has published advice for people who want to support those affected by the floods in Pakistan, whether by fundraising or by making a personal donation. The public’s support is crucial to enable charities to deliver desperately needed aid to Pakistan ...
10.08.10 External consultants cannot act as a Nominated Officer under Money Laundering Regulations
As an external consultant I am usually in the situation where systems we devise for compliance starts with a simple policy statement, which firstly details who is and how to communicate with, the nominated officer, who will be a senior member of the firm, a director, partner or owner manager. ...
20.07.10 HMRC issue new Anti money laundering guidance
A new set of anti money laundering guides have been published on the HMRC internet site to replace Public Notice MLR8: Preventing money laundering and terrorist financing. The new guides are sector specific and provide detailed guidance in relation to the legislation, risks, record keeping and reporting requirements relevant to ...
17.07.10 HMRC Publish Supervisory Visits Statistics
In mid June HMRC a paper, which went to some length to describe the activity of the HMRC supervisory team and publish various statistics. HMRC now state that between the four sectors they have responsibility for supervision they now have over 18,000 registered firms, of which just over 14,000 are accountancy ...
16.07.10 HMRC Publish their paper ‘What are your fees used for?’
In mid June HMRC published the above paper, which went to some length to describe the activity of the HMRC supervisory team and publish various statistics. This contains some very interesting statistics and some serious areas for concern, especially in the accountancy service providers sector. HMRC now state that between the ...
02.07.10 Chartered accountant faces eight years behind bars
A London Chartered accountant faces eight years behind bars after being convicted of manipulating both his clients' and his own tax returns, pocketing £11m in income tax and VAT payments. Christos Charalambous (58) of Palmers Green, London, completed over 6,000 self assessment tax returns for clients which included fictitious expenses claims ...
22 April 2010 SOCA announce one of six most wanted arrested in Amsterdam
One of six most wanted arrested in Amsterdam The new Dutch Crimestoppers operation saw the arrest of its first target yesterday. James Vincent Muldoon, 30, of Liverpool, absconded from his trial for armed robbery in 2007 and was sentenced in his absence to 13 years in prison. He was believed to be on ...
16.04.10 Decision on appeal against registration under the Money Laundering Regulations 2003
Decision on appeal against registration under the Money Laundering Regulations 2003 A First-tier Tribunal (Tax Chamber) decision regarding registration of businesses under the Money Laundering regulations 2003 has now been published. The Appellant had claimed that it was not liable to register with HMRC under the Money Laundering Regulations 2003 because it ...
08.04.10 Crime proceeds spent on Wigan allotment project
Thousands of pounds confiscated from criminals have been donated to an allotment project in Greater Manchester. Norley Hall allotments in Wigan has been given £5,000, which was raised through the police's payback scheme. Under the scheme, money raised by criminals is given to the community. The allotment was set up to encourage youngsters ...
