IR vs. MLRO
PAYE inspection resulted in errors in my clients favour. Is this a reportable Money Laundering offence?
A client has had a recent PAYE inspection in which the Revenue raised an assessment for what they deemed to be 'employees' which were being treated as 'subcontractors'. The assessment has been made for Employees and Employers NIC, with relief given for the Class 2 and Class 4 NIC's already paid by the relevant individual.
The problem is that the Revenue has vastly overstated the relief for Class 4 NIC's already paid (by over £20k!!) and as a result the settlement figure is some £20k less than we were expecting.
My question is that if we advise the client to pay the amount calculated by the Revenue, which is clearly incorrect, are we committing a reportable money laundering offence?
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