The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
1. Security. We know that criminals attempt to use stolen login details to access and exploit customers’ Tax Accounts. Without the registered mobile or landline phone, they are less likely to succeed. 2. It’s easy and many of our customers already do it in other walks of life. 2SV is very common across internet banking and e-mail services. 3. It’s free. 4. It is popular with users – in January 2016 around 600, 000 Personal Tax Account users opted-in to use the service.
What do your clients need to do?
To use the service, your clients simply need to follow the on-screen steps when they login to their Tax Account having either a mobile or landline phone to hand.
Helping protect agent’s and client’s accounts against cyber risks
HMRC is working together with professional bodies to increase awareness of cyber risks and protecting against them. Rolling out 2SV is part of this initiative, and we will be looking to implement 2SV for Self Assessment customers who are also in other regimes, including VAT, in the near future. At this stage we are not looking at implementing for agents or other helpers. We will keep you updated as plans develop and informed on what this will mean for individuals, businesses and their representatives, together with other cyber security news through agent emails, Agent Update , and the Tax Agent Blog. Customers registered on the Gov.UK outbound email service are being made aware through direct emails.”
Back to Contents
Tax Agent Toolkits - are you using them? 2 August 2016
HMRC’s Toolkits can be used in a number of ways; as a straightforward checklist, to complement or check and refresh your existing processes and as a training aid for your staff.
There are 20 toolkits in total including expenses and benefits from employment, Income Tax losses and National Insurance contributions and statutory payments. Every toolkit is refreshed at least annually.
Each toolkit contains:
a checklist to help you to address the areas of possible error that HMRC identifies as key explanatory notes which identify the underlying types of error, how to mitigate them. and a brief outline of the tax treatment (it is recommended that you review these notes even if you are confident about answering the questions in the checklist) cross references linking to the relevant guidance available online so you can easily find more detailed guidance.
Each toolkit is a free PDF download that can be saved or printed for your records, but remember to download directly from the website each time to make sure you have the most recent version.
So why not have a look at the Tax Agent Toolkits page and see how they can help you.
Back to Contents
Agent update 55 9 August 2016
HMRC has published the latest Agent Update which details guidance, developments and changes to legislation relating to UK tax.
Agent Update 55 includes:
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 559 of 588
Made with FlippingBook - Online magazine maker