TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Money Laundering Registration

HMRC are in the process of finalising guidance on the registration obligations of a Trust or Company Service Providers and have set a new application deadline of a minimum of four weeks from the date on which updated guidance is published.

The guidance material is currently being updated to reflect feedback from businesses about the interpretation of the money laundering regulations as they apply to TCSPs.

HMRC have stated that if a TCSP has not yet registered, it may wish to delay registering until the updated guidance is available. If a TCSP has already registered, HMRC will contact it directly if it is affected by any change on issue of the updated guidance.

In addition, HMRC have advised Accountancy Service Providers that Money Laundering Regulations registration guidance will be updated to reflect feedback from businesses. Businesses have until 1 July to register as an ASP.