CONSTANTINE CANNON ART@LAW BLOG
Thus far, HMRC has shown patience towards the AMP registration process and AML Programme implementation. However, government audits have now begun for art market businesses and fines have already been issued.
In this article, Rena Neville and Paula Trommel offer valuable insights regarding HMRC art market audits: what to expect and how to best comply, whether it is registering and implementing from scratch, or renewing documents and training for early adopters.
https://www.artatlaw.com/honeymoon-over-for-art-market-and-hmrc/
19 April 2022