Payroll is not an accountancy service

Providing a payroll service is not an accountancy service. Therefore the service did not need to register under Money Laundering Regulations 2007.

The payroll service registered under protest and was immediately fined £500 for late registration.

The service appealed. It said it did not provide accountancy services but simply calculated payroll for clients. It did not provide other services or give advice.

The tribunal defined an accountant as “a person who exercises some degree of professional skill in assessing the quality of the entries being made”. A bookkeeper did not meet that requirement.

On the facts of this case, the company was providing a mechanical service that did not meet the standards of accountancy.

Thames Valley Payroll Ltd [2014] TC 4063

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