HM Revenue and Customs Brief 15/08
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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:
21 Victoria Avenue
Southend on Sea
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.
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Article Published/Sorted/Amended on Scopulus 2008-03-24 03:40:51 in Tax Articles