Archive for the ‘HMRC News and Guidance’ Category
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 ...
31.03.10 HMRC Announce Penalties for non-registration
HMRC Announces important information for Money Service Businesses, High Value Dealers, Trust or Company Service Providers and Accountancy Service Providers who have failed to apply for Money Laundering Regulations Registration. HMRC announce that a new late registration penalties policy has been introduced for Money Service Businesses, (MSBs) High Value Dealers, (HVDs) ...
18.03.10 HM Treasury Press Release
[caption id="attachment_392" align="alignleft" width="282" caption="HM Treasury"][/caption] HM Treasury today issues a Statement on Money Laundering controls in Overseas Jurisdictions The notice constitutes advice issued by HM Treasury about risks posed by unsatisfactory money laundering controls in ...
10.11.09 HMRC Publish Money Laundering Regulations Memorandum Trading Account
HMRC Publish Money Laundering Regulations Memorandum Trading Account The Money Laundering Regulations supervisory regime is run on a cost recovery basis and the fees paid by customers cover the expense of running the operation. HMRC costs include registering new businesses, contacting and visiting businesses, running an effective risk system, maintaining the ...
05.11.09 HMRC MLR Registration Fee level remains unchanged for 2010-2011
The annual fee for businesses registered under the Money Laundering Regulations 2007 will remain at £120 per premise for the year 2010 – 2011. HMRC are pleased to be able to provide early confirmation of next year’s fee level as they are aware that many larger businesses appreciate as much ...
23.09.09 HMRC announce MSB online register
HMRC had recently sent out a letter to all Money Service Businesses (MSBs) to tell them about their intention to publish an online MSB register by the end of 2009. This register is currently being developed and will be called the MSB online registration check. When finished it will allow for ...
14.09.09 HM Revenue and Customs officers arrested 21 people in raids in a multi million pound construction industry fraud.
The twenty one arrests, consisting of eighteen men and three women, were made covering areas as diverse as the West Midlands, Staffordshire, London and Greater Manchester. The suspects were arrested on suspicion of conspiracy to ‘cheat the public revenue’ and ‘money laundering’ offences amounting to over £6 m. They were ...
02.09.09 BTC to participate in HMRC Forum for TCSP’s
Steve O’Neill of Business Tax Centre has been chosen to be a part of HMRC’s supervisory forum for Trust and Company Service Providers. This is the second such forum organised by HMRC, the first being one for large money service businesses. The forums organised by HMRC’s ‘Money Laundering Regulations Team’ meet ...
26.08.09 BTC Challenges HMRC over right to view SAR’s on supervisor compliance visits
BTC Challenges HMRC over right to view SAR’s on supervisor compliance visits HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28). This Code of Practice tells you what you can expect from HMRC Supervisory staff and what they expect of you ...
20.08.09 HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28).
HMRC has published its Code of Practice for supervisory purposes for visits to businesses under Money Laundering Regulations (COP28). This Code of Practice tells you what you can expect from HMRC Supervisory staff and what they expect of you when they visit your business under the Money Laundering Regulations 2007. The ...
