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HM Revenue and Customs Brief 37/08

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HM Revenue and Customs -Tax Authorities

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Issued 31 July 2008

Money Laundering Regulations 2007

We would like to let Trust or Company Service Providers (TCSP) and Accountancy Service Providers (ASP) know that the updated MLR 9 Registration Notice is now available. We would also like to tell businesses of the deadlines they must apply to register with us.

Updated guidance

Our MLR 9 Registration Notice has been updated to reflect feedback from businesses in their discussions with HM Treasury about the interpretation of the regulations.

The guidance will help businesses decide if they need to register with us as a TCSP or ASP, and explain when and how to apply.

We recommend that businesses refer to the guide for further help.

New registration dates

We would also like to tell businesses when they must apply to register with us.

Trust or Company Service Providers

  • If you were in business as a TCSP before 15 December, you must apply to register with us before the 30 September 2008.
  • If you are setting up in business as a new TCSP you will need to apply to apply to register before carrying on that business.

Accountancy Service Providers

  • If you are in business as an ASP you must be registered with HMRC before the 1 January 2009. In order for us to be able to process your application on time you will need to complete and send your application form with the appropriate registration fees to us by the 30 September 2008.
  • If you are setting up in business as a new ASP you must be registered with HMRC before the 1 January 2009.

We would also like to highlight

Customs Representatives

  • Customs practitioners, freight forwarders, customs representatives and similar businesses will fall within the scope of the regulations when they carry out accountancy services including tax advice. (see MLR 9 sections 7.1.17 and 7.1.18)

Further help

We recommend you:


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 Tax briefs are updated regularly and may be out of date at time of reading.



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Article Published/Sorted/Amended on Scopulus 2008-08-06 22:20:47 in Tax Articles

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