Update for Trust or Company Service Providers (TCSPs)

6th May 2008

HMRC are keen to inform Trust or TCSPs of the latest position regarding updated registration guidance. They have published the following:

On 26 March we announced that the MLR 9 Registration Guidance for TCSPs would be updated to reflect feedback from businesses in their discussions with HM Treasury about the interpretation of the regulations as they apply to TCSPs.

We want to make sure the right businesses register with us, so we are still in the process of finalising the guidance.

We have already allowed businesses to apply to register as a TCSP without penalty until 31 May 2008. We will now set a new application deadline of a minimum of four weeks from the date on which updated guidance is published.

This will give you time to consider the impact of the updated guidance on your need to register.

If you have not yet registered you may wish to delay registering until the updated guidance is available.

If you have already registered with us, you do not need to do anything at this time. If you are affected by any change, we will contact you directly when the guidance has been updated.

We recommend that businesses should continue to check our latest news page for updates

Link: The update can be found here.

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