Font Size

HM Revenue and Customs Brief 15/08

 By

HM Revenue and Customs -Tax Authorities

Tax Articles
Submit Articles   Back to Articles

Issued 05 March 2008

Money Laundering Regulations (MLR) 2007: How HMRC will handle late applications to apply to re- register under the MLR 2007

HM Revenue & Customs (HMRC) have today announced that all existing Money Service Businesses (MSBs) should now have submitted their application forms to re-register under the MLR 2007 along with their fit and proper test application forms and appropriate fees.

After Friday 14 March 08 HMRC will cancel the registration of any businesses who have not submitted their application forms. If you have not applied to re-register and you continue to trade after this date, you will face penalty action or prosecution.

To continue to trade you must send your application forms and relevant fees to the address below by 14 March. If you apply to re-register after 14 March you will be treated as a new business. You will have to pay registration fees in addition to the fit and proper fee and will not be able to trade legally until your application has been processed which can be up to 45 days after your application has been received.

If you do not wish your registration to continue, you need to notify the MLR registration team in Southend on Sea in writing to avoid any un-necessary action being taken by HMRC for failing to re-register.

Their address is:
9th Floor
Alexander House
21 Victoria Avenue
Southend on Sea
Essex
SS99 1AG

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.

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


About the Author

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 Tax briefs are updated regularly and may be out of date at time of reading.



Follow us @Scopulus_News

Article Published/Sorted/Amended on Scopulus 2008-03-24 03:40:51 in Tax Articles

All Articles

Copyright © 2004-2019 Scopulus Limited. All rights reserved.