Supplementary AML guidance for Tax Practitioners (UK)

Jul 17, 2019

The CCAB has published a supplementary AML Guidance for Tax Practitioners. This Guidance was approved by HM Treasury on 14 June 2019.

This supplementary guidance is not standalone but should be read in conjunction with the CCAB AML Guidance for the Accountancy Sector.

Who does this guidance apply to?

The Money Laundering Regulations 2017 apply to a ‘tax adviser’ and defines a tax adviser as:

‘a firm or sole practitioner who by way of business provides advice about the tax affairs of other persons, when providing such services’.The meaning of ‘advice’ is widely interpreted – for example tax compliance services, i.e. assisting in the completion and submission of tax returns, are included within the term.

Tax practitioners are within the scope of the Money Laundering Regulations 2017 whilst they are providing tax services by way of business. They should exercise judgement in deciding whether the provision of tax services is by way of business. If a tax practitioner decides that a service is not by way of business, they should be prepared to explain the reasons for this opinion.

CCAB AML Guidance for the Accountancy Sector

CCAB Supplementary AML Guidance for Tax Practitioners