HMRC is responsible for the money laundering supervision of a number of businesses including estate and lettings agents. Estate agency businesses that HMRC is responsible for supervising should be aware of the requirement to register with HMRC and the penalties for not doing so. It is a criminal offence to trade as an estate agency or letting agency business (as defined within the Regulations) without being registered for money laundering supervision.
The following business types are not required to register:
There are also estate agents who may be regulated by the Financial Conduct Authority (FCA), for example, because they provide consumer finance or hire purchase services. In this situation HMRC and the FCA will consider the possibility of a single supervisor overseeing the anti-money laundering arrangements on a case-by-case basis.
18/04/2024 - More...
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Employers can register on a voluntary basis (before the start of the tax year) to report and account for tax on certain
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A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. It was announced as part of the
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