HM Revenue and Customs Brief 05/08
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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
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.
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Article Published/Sorted/Amended on Scopulus 2008-02-13 18:01:10 in Tax Articles