Guidance

Fees you’ll pay for money laundering supervision

Find out the fees you need to pay HMRC for anti-money laundering supervision, and how to pay them.

From:
HM Revenue & Customs
Published
23 October 2014
Last updated
31 October 2022 — See all updates

You must pay fees to HMRC when you register for anti-money laundering supervision.

These are:

  • a registration fee for each premises (this needs to be paid annually for each premises)
  • a fit and proper test fee (for money service businesses, or trust or company service providers) for each person tested
  • an approval process fee (for accountancy service providers, estate agency businesses, or high value dealers) for each person tested

Premises registration fee

When you register you must pay £300 for each of the premises you include in your application.

Find out what premises you need to register.

If HMRC refuses your application to register, we will refund your premises fee if:

  • you did not supply all the information we needed
  • someone in your business failed the fit and proper test or was not approved by HMRC

Adding or removing premises from your registration

If you want to add new premises to your registration in the first 6 months of the year, you will need to pay the full fee for each premises.

If you want to add new premises to your registration in the second 6 months of the year, you will need to pay half of the fee for each premises.

If you need to remove a premises from your registration, HMRC will not refund the fee for that premises.

Fit and proper test fee

If you are a money service business or a trust or company service provider there is a non-refundable fit and proper test fee of £150 for each person tested.

Approval process fee

The new money laundering regulations need an approval test to check some employees for relevant criminal convictions if you’re any of the following:

A non-refundable charge of £40 will apply for each person tested.

Fees are calculated and paid when you make a new application and when you complete your annual registration.

Annual supervision fee

Towards the end of your registration year HMRC will send you an email telling you to log in to your account to update your registration.

The annual supervision fee is £300 for each of the premises shown on the application.

HMRC may cancel your registration if you do not pay your annual supervision fee on time.

Businesses with turnover below £5,000

If your business turnover is less than £5,000 you can apply for a small business reduction.

This means you will have to pay the full £300 for registration but will receive a £120 refund if your application or annual supervision has been accepted.

After you have paid for, and submitted, your application you will need to contact us at [email protected] with ‘Turnover Reduction’ in the subject line.

In the body of the email you’ll need to include your:

  • anti-money laundering supervision registration number
  • previous years turnover (if trading for more than 12 months)
  • anticipated turnover if you are a new business

We will check the accuracy of the information you provide. We will contact you if we need you to send extra information of documents.

We will not be able to process your application until you make your full payment. Once that is complete, we will refund £120 of your £300 registration or annual supervision fee.

We will aim to process your refund within 30 days of approval of your application or annual supervision and we have the required information.

How to pay

You should pay your fees when you first apply to register and when you complete your annual supervision. When you give details of your business, the online service will work out how much you owe and let you pay the total amount due for each type of fee.

Make a note of the payment reference (it has 12 digits and 2 letters starting with X) when you submit your application or annual supervision.

There will be a delay in your payment if you use the wrong reference number.

If you do not have your payment reference number you can email: [email protected] to ask for it before making a payment.

You can find more information on other ways to pay in the pay Money Laundering Regulations fees guidance.

Updates to this page

Published 23 October 2014
Last updated 31 October 2022 + show all updates

  1. Updated the 'annual supervision fee' section because the 'annual renewal fee' has been renamed to 'annual supervision fee' and 'renewing your registration' has been renamed to 'updating your registration'. In the 'businesses with turnover below £5,000' section 'renewal' has been renamed to 'annual supervision'. In the 'How to pay' section 'renew' has been renamed to 'annual supervision'.

  2. We've updated the 'approval process fee' section so that it includes letting agency businesses and art market participants.

  3. The guidance on renewing annual fees for money laundering supervision has been updated.

  4. A link has been added to new guidance about checking if you can get a payment deferral or deregister from money laundering supervision during coronavirus (COVID-19), if you are a business with an annual fee between 1 May 2020 and 30 September 2020.

  5. Section on Businesses with turnover below £5,000 has been updated.

  6. Information about the application charge has been removed as HMRC is no longer charging it.

  7. Guide updated to show you must pay your anti-money laundering supervision fee before HMRC can process your small business reduction application.

  8. Registration fees for anti-money laundering supervision have been updated.

  9. Information on how to pay fees has been added.

  10. Information for Financial Action Task Force (FATF), business with a turnover below £5,000 and fee increases added to guidance.

  11. The guidance for application charges has been updated.

  12. The premises registration fee has increased to £130 from 1 December 2017.

  13. Guidance updated to show that the premises registration fee and annual renewal fee will increase from £115 to £130 from 1 December 2017. Information has also been added about a £40 non-refundable charge for an approval test to be introduced from 1 November 2017.

  14. The section on the 'Approval process fee' has been amended to remove the monetary amount as the fee will be advised.

  15. This guidance has been updated to reflect legislation changes effective from 26 June 2017. Information about refunds and fees to pay if you add or remove a premises from your registration has been added.

  16. You're now able to pay your fees online when you register or renew for anti-money laundering supervision with HMRC.

  17. The Initial registration fee section has been updated.

  18. Money Laundering Regulations new fee structure and charges from 1 April 2015.

  19. First published.

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