HMRC falling foul of Money Laundering regulations themselves?

Posted by MC1 PM | on Thu, 19/05/2011 - 17:50 5664 171 comments | report

Just noticed that HMRC have balanced a client's CT account by making a "permanent overpayment" adjustment to the company's CT account. Only 4p which arises due to CT interest on an early payment but I thought that you could only write off a debtor balance if you obtained the debtor's agreement first otherwise the money laundering rules kick in. And no de minimis level.

If so, should I report it? :)

I expect I have misunderstood the Regulations!!

Or perhaps they don't apply to HMRC?

Hmm..

Comments

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A couple of things

davidwinch | Thu, 19/05/2011 - 19:10

1 to David I think....

frustratedwithhmrc | Thu, 19/05/2011 - 19:31

I disagree David

cymraeg_draig | Thu, 19/05/2011 - 22:52

Dishonest

davidwinch | Thu, 19/05/2011 - 23:40

The Regulations and the Act

davidwinch | Fri, 20/05/2011 - 08:33

Uniateral agreement?

stepurhan | Fri, 20/05/2011 - 08:45

theft

cymraeg_draig | Fri, 20/05/2011 - 08:57

Implied Consent

Alan Ferris | Fri, 20/05/2011 - 09:15

Mens rea

davidwinch | Fri, 20/05/2011 - 09:42

Alan

cymraeg_draig | Fri, 20/05/2011 - 10:28

Not that it would ever get to court - although HMRC did one sue

cymraeg_draig | Fri, 20/05/2011 - 10:33

Consent

davidwinch | Fri, 20/05/2011 - 10:44

.

cymraeg_draig | Fri, 20/05/2011 - 14:05

Appropriation

davidwinch | Fri, 20/05/2011 - 17:44

.

cymraeg_draig | Fri, 20/05/2011 - 18:02

C_D

davidwinch | Fri, 20/05/2011 - 20:10

Theft Act 1968

cymraeg_draig | Fri, 20/05/2011 - 23:21

Confusing different elements of the offence

davidwinch | Sat, 21/05/2011 - 07:33

You answer your own question -

cymraeg_draig | Sat, 21/05/2011 - 08:03

Informed "victim"

stepurhan | Sat, 21/05/2011 - 08:12

So you now agree?

davidwinch | Sat, 21/05/2011 - 08:20

No

cymraeg_draig | Sat, 21/05/2011 - 08:49

Money laundering

davidwinch | Sat, 21/05/2011 - 10:03

.

cymraeg_draig | Sat, 21/05/2011 - 10:55

You are mistaken

davidwinch | Sat, 21/05/2011 - 11:24

You are clearly confused -

cymraeg_draig | Sat, 21/05/2011 - 14:29

Remember Ken Dodd?

davidwinch | Sat, 21/05/2011 - 15:30

The correct legal test

davidwinch | Sat, 21/05/2011 - 17:59

.

cymraeg_draig | Sat, 21/05/2011 - 18:10

Mistaken again

davidwinch | Sat, 21/05/2011 - 18:21

Finally

cymraeg_draig | Sat, 21/05/2011 - 22:57

Examples given by David

ShirleyM | Sun, 22/05/2011 - 07:13

The defendant's state of mind is relevant

davidwinch | Sun, 22/05/2011 - 07:23

Difference states of mind

stepurhan | Sun, 22/05/2011 - 08:17

.

cymraeg_draig | Sun, 22/05/2011 - 09:33

OK CD

ShirleyM | Sun, 22/05/2011 - 09:38

.

cymraeg_draig | Sun, 22/05/2011 - 09:49

.

cymraeg_draig | Sun, 22/05/2011 - 09:55

C_D I agree entirely

davidwinch | Sun, 22/05/2011 - 09:56

Ken Dodd & Richard M

ShirleyM | Sun, 22/05/2011 - 09:58

Then ignore my posts please

ShirleyM | Sun, 22/05/2011 - 10:06

.

cymraeg_draig | Sun, 22/05/2011 - 10:15

Are we there yet?

davidwinch | Sun, 22/05/2011 - 10:30

.

cymraeg_draig | Sun, 22/05/2011 - 14:02

No progress

davidwinch | Sun, 22/05/2011 - 17:01

.

cymraeg_draig | Sun, 22/05/2011 - 18:08

Convicting persons of theft

davidwinch | Sun, 22/05/2011 - 18:35

.

cymraeg_draig | Sun, 22/05/2011 - 18:52

HMRC and the 4p

davidwinch | Sun, 22/05/2011 - 19:23

And if I was on that jury

SteveOH | Sun, 22/05/2011 - 20:06