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 Regulations

HMRC have issued Brief 05/08 which gives details on the introduction of a register for Accountancy Service Providers as provided in the Money Laundering Regulations 2007.

In addition, Revenue & Customs Brief 06/08 announced the level of the annual fee paid by businesses registered with them under the Money Laundering Regulations 2007.

Brief 05/08 is reproduced at Section 2.08 and Brief 06/08 is reproduced at Section 2.09.

Finally, HMRC is urging Trust or Company Service Providers (TCSPs) to register their businesses with HMRC by 1 April 2008 under the new Money Laundering Regulations (MLR), which came into force on 15 December 2007. According to HMRC, “TCSPs need to register with HMRC by the deadline if they want to carry on in business.”