Written question asked by Sadiq Khan (Labour) on Monday, 22 February 2016, in the House of Commons. It was due for an answer on Thursday, 25 February 2016 (named day). It was answered by Harriett Baldwin (Conservative) on Monday, 29 February 2016 on behalf of the Treasury.
Money Laundering: Estate Agents
- Question
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To ask Mr Chancellor of the Exchequer, which estate agents in London have been penalised for failing to comply with the Money Laundering Regulations 2007 in each year since the introduction of those regulations; and what the level of the fine was in each such case.
- Answer
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HM Revenue and Customs (HMRC) is unable to provide any information which would identify its customers. The Commissioners for Revenue and Customs Act 2005 gives HMRC a duty of confidentiality which applies to all information it holds in connection with its functions.
In 2014-15 HMRC issued 677 penalties to the total value of £768,000. This is for all HMRC supervised businesses in the UK. The total includes estate agency businesses which HMRC supervised from 1 April 2014. This is three times the total value of penalties issued in 2013-14.
Secondary information
- Type
- Written question
- Reference
- 27770
- Session
- 2015-16
- Subjects
- Greater London Fines Estate agents Money laundering
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2016-07-05 19:32:07 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2015-16/27770
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2015-16/27770
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