The Book-keepers Forum (BKF)

Post Info TOPIC: Money Laundering
SCT


Member

Status: Offline
Posts: 5
Date:
Money Laundering


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  



__________________


Master Book-keeper

Status: Offline
Posts: 7865
Date:

SCT wrote:

Am I still required to re-register for MLR ?

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

 

Yes.



__________________

Joanne  

Fallows Hall Ltd 

Winner - Bookkeeper of the Year 2015, 2016 and 2017

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

 



Master Book-keeper

Status: Offline
Posts: 3049
Date:

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.



__________________

John 

 

 

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



Member

Status: Offline
Posts: 18
Date:

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!

__________________

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



Senior Member

Status: Offline
Posts: 162
Date:

You're welcome

__________________
SCT


Member

Status: Offline
Posts: 5
Date:

Thank you 



__________________
SCT


Member

Status: Offline
Posts: 5
Date:

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



__________________
SCT


Member

Status: Offline
Posts: 5
Date:

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

 

Thank you for your reply



__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  

©2007-2019 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: info@bookcert.co.uk.

Privacy & Cookie Policy  About