HMRC Consultation on MLR registration fees

HM Revenue & Customs have launched a consultation exercise on its system of charging annual fees to accountants and others for whom it acts as a supervisory body under the Money Laundering Regulations 2007.

Note that this is not to consider any possible change in the current fee (or the recent increase to it).  The review is looking at plans for future years.

HMRC say: "HMRC needs to ensure that it has an up-to-date understanding of who their customers are and how their businesses operate. Last year a large amount of new businesses joined the HMRC MLR register, and HMRC is looking to build contacts with them. In addition, the MLR team would like to understand more about how technological changes are altering customers' business methods.

As a result, when the fee increase was brought in the MLR team made a commitment that they would review the basis on which the fee is charged. This is now being done and a representative sample of businesses registered with HMRC under the Money Laundering Regulations 2007 have been contacted to take part in the review."

If you have not been contacted, but would like to take part in the review you can do so by completing the online questionaire at http://www.hmrc.gov.uk/mlr/feereview.htm

So if you believe that the fee should be based on, say, the number of clients you have or the turnover of your business, rather than (as now) on the number of premises from which you carry on your business, you can indicate this in your completed questionnaire.

You can only do this until 15 September 2009.

The questionaire is completed anonymously and participation is voluntary - but if you would like to let HMRC know your views this is an opportunity to do so!

 

David

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