HMRC is required by the Small Business, Enterprise and Employment Act 2015 to publish a report of any qualifying regulatory provisions.
HMRC only needs to report work relating to Anti-Money Laundering Supervision (AMLS) and National Minimum Wage (NMW) enforcement.
This report discharges HMRC’s responsibility to publish an account of non-qualifying regulatory provisions for these areas, setting out its activity within scope of the legislation.
Our responsibilities for AMLS are set out in the EU Third Money Laundering Directive and, as such, are non-qualifying for a full report.
HMRC enforces NMW on behalf of the Department for Business, Energy and Industrial Strategy, and that department will be responsible for publishing the full report to comply with the Small Business, Enterprise and Employment Act 2015.