I have held an AML registration with HMRC for a couple of years and I set up a company in 2019, but started actively trading in February 2020 offering my accountancy services. I am not a member of a professional body.
I have reguarly updated my AML to reflect changes in staffing, turnover etc. and I have also been trying to change my status/name to a company but was unable to and also unable to get through to anyone during lockdown.
I have finally got through to someone, and they have explained that I need to make a new registration as it is a seperate legal entity, which I have now done and I backdated it to the point at which I offered my services to clients.
My questions are:
Will this be rejected
Will I receive a fine?
I am registered already as a tax agent ( I have already changed the name of this account to my company name) but will I need to apply for another tax agent account which is linked to my new AML registration or wont this matter?
I have emailed the AML team to explain what has happened as I was unaware a seperate application was required, and that I have been trying to contact them for months, and I have been advised that I will have to wait for at least 25 working days for a reply.
Any opinions or advice would be most appreciated!