Guidance

Get a payment deferral or deregister from money laundering supervision due to coronavirus (COVID-19)

Check if you can get a payment deferral or deregister if you are a business with an annual fee due between 1 May and 30 September 2020.

If you’re due to renew money laundering supervision with HMRC you can:

  • defer payment for up to 6 months
  • deregister if you stop trading due to coronavirus

This applies to all businesses with an annual fee due between 1 May and 30 September 2020.

If you continue to operate and carry out activity covered by the Money Laundering Regulations (MLR), you must:

  • stay registered with HMRC
  • meet your obligations under the MLR, to protect your businesses and the UK from criminal activity

We’ll send you an email reminder before the date your payment is due and you can either:

  • pay by your original due date
  • defer and pay at any time up to 6 months from your original due date

Get a payment deferral or deregister

If you choose to defer

You do not need to tell HMRC if you decide to defer payment.

We will contact you again to remind you about your new payment due date.

If you choose to deregister

You can decide to deregister and do not need to be supervised by us, if you have:

  • temporarily closed your business due to coronavirus
  • stopped all MLR activity

You can sign into your account and choose deregister.

For further information you can check how to report a change or cancel your registration.

Applying to reregister your business

When you are ready to reregister your business you will need to make a new online application.

This will set a new date for your registration and the payment of your annual fee.

You will not be able to trade again until your application has been approved, if you are a:

  • Money Service Business
  • Trust or Company Service Provider

We will prioritise your application if you choose to cancel your registration during this time.

How to get help

You can get advice or more information about money laundering and your business.

Published 18 May 2020
Last updated 4 June 2020 + show all updates
  1. Update to explain that you do not need to contact HMRC if you choose to defer payment.

  2. First published.