Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Online anti-money laundering system to launch

04 January 2017
Issue: 4581 / Categories: News

HMRC will launch an online system in 2017.

HMRC is to introduce an online digital system for anti-money laundering supervision in 2017. It will:

  • allow all registrations renewals updates and payments to be made online; and
  • reduce errors and ‘rejected’ applications – these will be flagged instantly by the new system avoiding forms being returned for 
    re-submission.

Currently businesses registering with HMRC for the first time have to complete their form online print it off and post it to the department. Those renewing their registration are sent a letter and asked to respond by post.

HMRC says the online system will reduce delays and better meet businesses requirements. A user group has helped to develop the system over the past year and continues to provide feedback helping HMRC to refine it further.

Using the system for the first time will involve a...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon