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HM Revenue and Customs Brief 05/08

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HM Revenue and Customs -Tax Authorities

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Issued 13 February 2008

Accountancy Service Providers Introduction of a register

HM Revenue and Customs (HMRC) have today announced the introduction of a register for Accountancy Service Providers (ASPs) from 1 April 2008 under the Money Laundering Regulations 2007.

Existing ASPs - who are not already supervised by one of the professional bodies listed in schedule 3 of the Regulations - will be required to be registered by 1 October 2008.

HMRC has set an administrative deadline of 1 July 2008 for the receipt of applications to enable the department to process them before 1 October 2008 when the register will come into effect.

From 1 October all ASPs will be required to register before they start trading.

When applying to register and on each anniversary of their registration, ASPs will be required to pay a registration fee. This is currently set at 95 per premises. The level of the fee is reviewed annually.

We have provided guidance for registering with HMRC in our MLR 9 Guide to Registration http://www.hmrc.gov.uk/mlr/mlr9.pdf. Also Forms http://www.hmrc.gov.uk/mlr/forms.htm and guidance on how to complete them are available to help businesses meet the 1 July administrative deadline.

For further information please see our Money Laundering Regulations section. http://www.hmrc.gov.uk/mlr/.


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Crown Copyright 2008.

A licence is need to reproduce this article and has been republished for educational / informational purposes only. Article reproduced by permission of HM Revenue & Customs under the terms of a Click-Use Licence. Tax briefs are updated regularly and may be out of date at time of reading.



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Article Published/Sorted/Amended on Scopulus 2008-02-13 18:01:10 in Tax Articles

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