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Money Laundering Regulations review of annual fee

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HM Revenue and Customs -Tax Authorities

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Issued 07 August 2009

The Money Laundering Regulations (MLR) team is undertaking a review of the basis on which the fee is charged and wants to consult registered businesses for their views. The recent fee increase and additions to the MLR register make this a good time to carry out the review.

This review will look at the current fee structure and consider whether it or a possible alternative model is the fairest basis for charging businesses to register. It will not look at the current level of the fee and the MLR regime's activities will continue to be funded by the fees paid to us.

As part of the review we will be contacting over 2,000 businesses, asking for your views on:

  • the current fee structure
  • possible alternative fee structures
  • how the annual fee should be spent

This is a great opportunity for you to let us know your views on MLR and what does and doesn't work for you.

If your business is one of those chosen for the consultation, then you will shortly receive a letter from the review team containing details of a questionnaire. If you do not receive this but would still like to participate then you can complete the questionnaire online. The questionnaire will be available until 15 September 2009.

Go to the online fee review questionnaire.

We are also planning to meet to discuss the review trade and professional associations and other UK Money Laundering regulators.

The review aims to be complete in the autumn of this year, when details of the results of the review will be published on these pages.

Find out more about the fee review


About the Author

Crown Copyright 2009.

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 Tax briefs are updated regularly and may be out of date at time of reading.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 2009-08-08 00:35:40 in Tax Articles

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