Money laundering compliance details

ZoesBookkeeping · Veteran Member

Agent Services Account and money laundering supervisory body

Artois · Guru

Hi Zoe

You do not go through your existing GG account, you need to create a new Agent Services Account which you can then link your VAT clients to

https://www.gov.uk/guidance/get-an-hmrc-agent-services-account

Don't think I had to enter anything to do with MLR

Leger · Master Book-keeper

Hi Doug

I could be reading it wrong but it sounds like Zoe wasn't registered for AML, and it's going ro take 45 days for her registration to be approved.

Zoe

If I've read it right, don't panic. You don't need to do a MTD filing until after the end of June at the earliest. What quarter end is the VAT?

Cheshire · Master Book-keeper

Leger wrote:
Hi Doug
I could be reading it wrong but it sounds like Zoe wasn't registered for AML, and it's going ro take 45 days for her registration to be approved.

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Exactly how I read it as well John, initially, given the 45 day delay HMRC always bang on about as soon as someone registers.
But there appears to be a typo as the sentence ''I have an AMLS ref/registration number but apparently have to wait 45 days to details of the money laundering supervisory body'', doesnt quote flow so I wondered if Zoe was waiting for confirmation of the number from her prof body and they are sayingh its a 45 day turnaround given the huge numbers asking for such (not beyond the bounds of probability given the mess MTD is creating!)
Perhaps Zoe can confirm.

But yes the date of 1st return is a way off yet, unless Zoe has, or her client has unwittingly, signed up to it too early.
.

-- Edited by Cheshire on Saturday 13th of April 2019 10:22:23 AM

Artois · Guru

Cheshire wrote:
Leger wrote:
Hi Doug
I could be reading it wrong but it sounds like Zoe wasn't registered for AML, and it's going ro take 45 days for her registration to be approved.

-----------------------------------------------------------------------------------------------------------------------------
Exactly how I read it as well John.

Point taken and agree, visit to optician booked for later biggrin

Cheshire · Master Book-keeper

Oops Doug, I amended my post as you were quoting it, as I read the line again! lol

ZoesBookkeeping · Veteran Member

Hi

My client's next VAT return is Mar-May 19 due in June 19.

ZoesBookkeeping · Veteran Member

Apparently I have to be registered with the Money Laundering Supervisory body. This I have to do to register for an Agent Services Account. On Gov UK - 'Manage your anti-money laundering supervision' my renewal is under review - decision pending!!

Cheshire · Master Book-keeper

no panic then. Unless you have signed them up to MTD. 1st MTD VAT is due end Aug, if my finger counting is correct.

ZoesBookkeeping · Veteran Member

But I am registered with Anti Money Laundering but I don't have the name of money laundering supervisory body.

Cheshire · Master Book-keeper

ZoesBookkeeping wrote:
Apparently I have to be registered with the Money Laundering Supervisory body. This I have to do to register for an Agent Services Account. On Gov UK - 'Manage your anti-money laundering supervision' my renewal is under review - decision pending!!

Oh heck.

You should have been reigstered the minute you started taking fee paying clients.

Failure to do so can result in a fine and/or prison.

If I were you I would get that sorted before you do ANYTHING else.

Forget the MTD for a minute, there is no panic with that at all at the moment, you have AGES yet, just get the MLR sorted and fast.

Cheshire · Master Book-keeper

ZoesBookkeeping wrote:
But I am registered with Anti Money Laundering but I don't have the name of money laundering supervisory body.

Blinkin heck Zoe, you had ME worried then.

Who are you registered with for MLR? A professional body? Or HMRC?

Cheshire · Master Book-keeper

Yes I can see that you are registered.

Who do you pay your fees to?

ZoesBookkeeping · Veteran Member

I am registered with MLR and have paid the annual fee. However when trying to register a new Agent Services account via Gov.uk I'm asked for money laundering supervisory body - I've not idea. then a membership number which I presume is MLR registration number. Then expiry date. So i'm told my registration is pending for the 45 days.

Cheshire · Master Book-keeper

WHO have you paid the fee to? HMRC or someone else?

Cheshire · Master Book-keeper

Please allow PMs on your profile and I will email you your registration number and how to get it. I dont think it should be posted on here, although strictly speaking it could be argued that it is public info.

Go to profile and edit profile. You dont need to show an email address, you can just 'allow PM'

Artois · Guru

Have you tried the link I posted earlier to register, I am sure I wasnt asked about MLR

Cheshire · Master Book-keeper

Artois wrote:
Have you tried the link I posted earlier to register, I am sure I wasnt asked about MLR

I cant recall, but Ive seen somewhere that they started asking for that. Seen Qs from various Prof bodies about putting their membership number down. I can see my listing, although I think it might be my old HMRC one, not able to check the number at the mo as not at the office.

Artois · Guru

Cheshire wrote:
Artois wrote:
Have you tried the link I posted earlier to register, I am sure I wasnt asked about MLR
I cant recall, but Ive seen somewhere that they started asking for that. Seen Qs from various Prof bodies about putting their membership number down. I can see my listing, although I think it might be my old HMRC one, not able to check the number at the mo as not at the office.

Ah Yes, it does say you need it, I really must get my eyes sorted disbelief

Cheshire · Master Book-keeper

Artois wrote:
Cheshire wrote:
Artois wrote:
Have you tried the link I posted earlier to register, I am sure I wasnt asked about MLR
I cant recall, but Ive seen somewhere that they started asking for that. Seen Qs from various Prof bodies about putting their membership number down. I can see my listing, although I think it might be my old HMRC one, not able to check the number at the mo as not at the office.
Ah Yes, it does say you need it, I really must get my eyes sorted

biggrin biggrin biggrin

I didnt read it - perhaps if I had I wouldnt have had to rely on my failing memory. But maybe my memory is better than I thought - well at least for the carp that floats around anyway.

ZoesBookkeeping · Veteran Member

I pay fees to HMRC MLR

ZoesBookkeeping · Veteran Member

I also applied via the link I was sent. it still asks me the following:

Money laundering compliance details

You must be registered with a money laundering supervisory body before you can create an agent services account.

Name of money laundering supervisory body

Type in 2 or more characters for results.,,

Membership number

When does your membership expire? For example, 31 03 2019 Day Month Year

ZoesBookkeeping · Veteran Member

I think I've allowed PMs

Leger · Master Book-keeper

ZoesBookkeeping wrote:
Apparently I have to be registered with the Money Laundering Supervisory body. This I have to do to register for an Agent Services Account. On Gov UK - 'Manage your anti-money laundering supervision' my renewal is under review - decision pending!!

So does this mean that anyone renewing their MLR CAN'T sign up for MTD until HMRC get off their harris and approve the registration. Not sure it's speeded up any but it was taking 9 months at one point. From what you've said Zoe your supervising body is highly likely to be HMRC.

ZoesBookkeeping wrote:

My client's next VAT return is Mar-May 19 due in June 19.

File that one through your current agent account. The first MTD one will be June-August so you've got until end of September to do it. Ideal sign up date is between 15th - 23rd September according to HMRC.

And apologies, I misread your op, I assumed you weren't registered. If you're not sure what your number is have a look here https://customs.hmrc.gov.uk/msbregister/checkTerms.do If your name comes up, click on it and it will tell you your number. I do have a feeling that it may be significantly out of date though.

Cheshire · Master Book-keeper

Leger wrote:

The first MTD one will be June-August so you've got until end of September to do it. Ideal sign up date is between 15th - 23rd September according to HMRC.

Just as an aside John I was wondering if we now only have until month end after - so Sep as you say. Have the extra 7 days gone? I must admit to not reading up on it again, Ive just told ALL my clients for last couple of quarter that it gets done in 3 weeks or I cannot guarantee hitting the deadline because I was fed up of screwing my own life over when they cant get their act together to supply stuff....all working so far!

Cheshire · Master Book-keeper

Leger wrote:
ZoesBookkeeping wrote:
Apparently I have to be registered with the Money Laundering Supervisory body. This I have to do to register for an Agent Services Account. On Gov UK - 'Manage your anti-money laundering supervision' my renewal is under review - decision pending!!
So does this mean that anyone renewing their MLR CAN'T sign up for MTD until HMRC get off their harris and approve the registration. Not sure it's speeded up any but it was taking 9 months at one point. From what you've said Zoe your supervising body is highly likely to be HMRC.

Hi Zoe

Registration is with HMRC. Ive PM'd you. Expiry date you should be able to get from the confirmation when you did the application online (email).

Hi John

Thats a good Q and I will hazard a guess that HMRC havent for one piggin minute given it any thought whatsoever! Just another thing to add to the farce.

ZoesBookkeeping · Veteran Member

ok thanks. I have my supervisory body and number. Now I need to find the expiry date.

ZoesBookkeeping · Veteran Member

OMG I've done it! What a performance but many thanks everyone for your help.

Leger · Master Book-keeper

Cheshire wrote:
Leger wrote:
The first MTD one will be June-August so you've got until end of September to do it. Ideal sign up date is between 15th - 23rd September according to HMRC.
Just as an aside John I was wondering if we now only have until month end after - so Sep as you say. Have the extra 7 days gone? I must admit to not reading up on it again, Ive just told ALL my clients for last couple of quarter that it gets done in 3 weeks or I cannot guarantee hitting the deadline because I was fed up of screwing my own life over when they cant get their act together to supply stuff....all working so far!

Hi Joanne

No. deadline is still 7th (October in this case) I only put end of September to Zoe to allow time for it to be up and running. By the sounds of it she's sorted it now.

But yes, you shouldn't be having to do anything on 7th anyway, I allow to end of month then it's not guaranteed, although I will do my best obviously.

Cheshire · Master Book-keeper

Thanks John. I did wonder if they had silently backed out of that change given the rest is an almight French Connection UK up!

I had a row with an Accountant over doing VAT returns on 7th.....he insisted anything past 31st/end of month after was 'overdue', despite me pointing out that HMRC allow up to 7th....ergo how can that be?!!!

ZoesBookkeeping · Veteran Member

So now I've registered Agent Services Account and the next VAT is Mar-May 19 due in June 19. I am also changing to an online software in Apl 19. So somehow I have to include Mar VAT on my desktop software and then include the Apl and May in that quarter - goodness know how I do that. But when should I actually add this client to my Agent Services account?

Leger · Master Book-keeper

EDITED see below

-- Edited by Leger on Monday 15th of April 2019 10:02:17 AM

Leger · Master Book-keeper

EDITED Sorry I totally misread your post

Personally I would do the next VAT return on your existing agent Gateway then move the client across to MTD for the June - August VAT return, especially if not starting on software until April 19

Which software will you be using?

Cheshire · Master Book-keeper

ZoesBookkeeping wrote:
I am also changing to an online software in Apl 19. So somehow I have to include Mar VAT on my desktop software and then include the Apl and May in that quarter - goodness know how I do that. But when should I actually add this client to my Agent Services account?

Just not sure if you are aware - there is absolutely no need to change software for MTD. No need for online software to be digitally compliant.

You can be FULLY compliant by using bridging software just to do the VAT return (even from spreadsheets).

Unless you are changing for some other reason of course. But if its just due to MTD dont put yourself through the stress.