HM Revenue and Customs Brief 18/08
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Issued 27 March 2008
Important news for Trust or Company Service Providers (TCSPs) about changes
to Registration Guidance and when to register with HM Revenue & Customs
The MLR 9 Registration Guidance for TCSPs will be updated in April to reflect
feedback from businesses in their discussions with HM Treasury about the
interpretation of the regulations as they apply to TCSPs.
HMRC will allow businesses to apply to register as a TCSP without penalty
until 31 May 2008. This will give you time to consider the impact of the updated
guidance on your need to register.
- If you have not yet registered you may wish to delay registering until the
updated guidance is available.
- If you have already registered with us, you do not need to do anything at
this time. If you are affected by any change, we will contact you directly
when the guidance has been updated.
Any TCSPs who have not applied to register by 31 May must not carry out any
TCSP activity thereafter, and if they do they will face penalty action. TCSPs
can apply to register after 31 May, but they will be treated as a new
registration. This means they will not be able to operate until their
application has been successfully processed and they have been notified of their
registration number. It may take up to 45 days for us to process their
We will publish further information on the MLR latest news page when updates
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Article Published/Sorted/Amended on Scopulus 2008-03-31 09:57:18 in Tax Articles