Many business asking “How to appeal a penalty with HMRC?”

HMRC has released the latest list of companies fined for non-compliance, prompting many businesses to ask how to appeal a penalty with HMRC. In this latest raft of HMRC penalties, a majority of fines issued were for failure to apply for registration at the required time — underlining the value of free services such as AML Protect, which reminds businesses when their registration is about to lapse.

Businesses are also increasingly looking for ways to appeal a penalty from HMRC, with many businesses exploring HMRC penalty appeal support services. It is important to note however that many of these appeals fall on deaf ears, especially when the fine is for failing to register or lapsed registration, which is why it is more critical than ever to ensure your AML framework, policies and procedures, risk assesment etc are aligned with HMRC standards. 

Looking at the numbers, the latest penalties include:

✅ 514 Estate Agency Businesses (EABs) with fines totalling £2,944,075

✅ 79 Art Market Participants (AMPs) with fines totalling £553,496

HMRC penalties indicate regulated sectors falling under increased scrutiny 

When comparing these most recent HMRC penalties with those from the previous list, the increased scrutiny both EABs and AMPs are facing becomes clear. The most recent set of fines represents a more than 49% increase in the total number of fines for AMPs and a more than 60% increase for EABs.

Examining the total value of the fines, especially for AMPs, lays bare the growing financial burden non-compliance can have on businesses. Compared to the previous list of HMRC penalties, the total value of fines for AMPs has increased by a staggering 160%. EABs didn’t fare much better, with the value of fines increasing by nearly 60%.

How to avoid HMRC penalties ?

These fines reflect a worrying pattern — businesses are overlooking the basics of compliance. The good news? Avoiding these penalties is straightforward with the right tools in place.

AML Protect is a free, easy-to-use reminder service for your Money Laundering Regulations (MLR) registration renewal. It takes the stress out of remembering deadlines and helps ensure you stay compliant.

Don’t risk unnecessary penalties — sign up for AML Protect today.