HMRC falling foul of Money Laundering regulations themselves?
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?