Ive just received my renewal from HMRC for the annual fee for the money laundry registration of £110 I resent paying it and have spoken to the tax office about changing my business to a temp agency, which is basically what I do. They tell me I would still have to register and consider it tax avoidance I asked if it was then a tax at which point they waffled. My question is can I join a body to avoid the fee (I'd rather give them the £110)?
__________________
Bag Of Receipts Bookkeeping Services
www.bagofreceipts.co.uk
http://www.imageit-uk.com You imagine it, we image it
could try ICB - I do mine via them and yes your right I would rather add cost to them and have some form of cover I will get some advise/help along the way. Still a fee but a little more with it.
__________________
Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
I don't think I'm wrong, but perhaps James can confirm, but you also need to pay the ICB for a practice certificate to be covered for under money laundry regulations. That should be another £78.00.
Do the ICB allow students (£46.50 fee you paid) to practice?
-- Edited by YLB-HO on Friday 11th of May 2012 09:28:21 PM
Your right Frauke, there's something missing there.
To use ICB to cover you for money laundering surely it would be :
1) Membership to at least AICB
2) PII insurance
3) Practice certificate (which you can't get without sufficient PII)
So,
£46.50 would be for membership by exemption then another £78 for the practice licence so should be £124.50 plus the cost of acceptable PII (which Dingo probably had anyway?).
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
