HMRC issues record £23.8m fine for money laundering breaches!

HMRC issues record £23.8m fine for money laundering breaches! The largest fine ever issued by HMRC to MT Global Limited, a money transfer service for serious breaches in money laundering regulations. Companies are measured on: • risk assessments and associated record-keeping • policies, controls, and procedures • fundamental customer due to diligence measures “Money laundering […]

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Late announcement from HMRC! No self-assessment late filing penalty!

Late announcement from HMRC! No self-assessment late filing penalty! Accountancy bodies have been lobbying HMRC for some time to extend the self-assessment filing deadline as agents have had to cope with extra pressures of government support schemes like furlough. “This year HMRC is not issuing late filing penalties for a month to help taxpayers and […]

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