Author: Dennis Chapman
Published: December 8, 2008
Reading time: 1 minute
This article is 13 years old.
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Shortly after the money laundering regulations were introduced the dealer had accepted a cash payment of over 15,000 euros. On checking records HMRC spotted the cash payments and the penalty was imposed. HMRC both backdated the fees for registration and imposed a fine. The court of appeal considered the fine was onerous and reduced it to £500.