CIOT AML Fee

Any alternative

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I have just received a reminder about AML Renewal from CIOT with a hike in renewal fee to £300. This seems very high. Are there any cheaper alternatives for tax advisers? (Not a member of any accountancy body).

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Scooby
By gainsborough
12th Jun 2020 16:55

Paul, I've just paid mine (resembling the scene where Whoopi Goldberg has the cheque prised out of her hand in Ghost).

As HMRC have just put their fee up to £300 and CIOT is matching this, I think it's unlikely you'll find cheaper - although happy to be corrected.

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By SXGuy
12th Jun 2020 18:33

There is no cheaper alternative. The fee is £300 regardless of which body you pay.

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