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Post Info TOPIC: Money Laundering
SCT


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Money Laundering
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Hi All I am a Bookkeeper who has worked Freelance for 11 years. The last 5 years I have worked under an Accountant at my place of work so did not renew my MLR as I was covered by the companies Accountants MLR. I have now left this position and have started working for a new company on a SE basis. I will be doing Bookkeeping and some HR. The company has it's own Bookkeeper already who works Freelance who has her own MLR but she will be doing less now I am on board. There is also a Firm of Accountants who do the year and accounts etc. Am I still required to re-register for MLR ? I am guessing the answer is yes but wanted to make absolutely sure before spending £440 !! An when did the fees get so high, 5 years ago it was £110 per premises  



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Cheshire


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SCT wrote:

Am I still required to re-register for MLR ?

 -------------------------------------------------

 

Yes.



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Leger


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SCT wrote:

 I am guessing the answer is yes but wanted to make absolutely sure before spending £440 !! An when did the fees get so high, 5 years ago it was £110 per premises  

Hi Sarah, welcome to the forum.

The fees have only just gone up this year, previously it was £230 and before that £110 as you say.  One off fees are £140 so it'll only be £300 next year!!!  That's providing they don't up the fees again.cry

Are you a member of a financial institute? (ICB, AAT etc)  It may be cheaper to do your MLR under them if you are.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Rachel19


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I'm not sure how high your turnover is, but you can apply for a reduced fee if your turnover is less than £5000 per year. I agree, the fees are ridiculous!

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All thoughts are my own and should not be used as professional advice.
Casu


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You're welcome

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Caron
SCT


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Thank you 



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SCT


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Thank you John, No I am not currently but am looking into that as a possible option.



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SCT


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My turnover in this current position will be well below that, I have applied and paid the full fee

 

Thank you for your reply



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