The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
Agents unable to log in to their online account HM Revenue and Customs (HMRC) are aware that a small number of agents are currently unable to log in to their online account.
You may receive one of 3 messages.
Message 1 Sorry you can’t join the new tax agents service today, we are controlling how many people can join in a day and we have reached our limit, please try again any day from Monday to Friday. You can still use your usual HMRC online services.
Message 2 Sorry, you’re not eligible to join the new tax agents service.
Message 3 Not authorised.
HMRC are working to fix this issue by 27 August, but in the interim there is a workaround to allow agents to access their account.
If you are being affected by this issue, please contact the Online Services Helpdesk .
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Agents unable to log in to their online account 31 August 2016
HMRC has confirmed that the issue some agents were having when logging in to their online account, has now been resolved.
If you continue to experience problems accessing your online account, please contact the Online Services Helpdesk .
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Automatic Exchange of Information Event for Tax Agents 26 August 2016
HMRC is running an educational event aimed at SMEs and agents affected by Automatic Exchange of Information (AEoL). These are agreement between the UK and other countries to exchange financial accounts information to help combat tax evasion. The agreements between the UK and other countries to exchange financial accounts information form part of the global strategy to combat offshore tax evasion. More and more countries are signing up to share information which will increase the effectiveness in tackling evasion. Businesses that qualify as financial institutions must report specified information by 31 May under the agreements. A financial institution is not just a bank or a building society - it also covers insurers, wealth and investment managers, trusts and some charities.
If your clients may be affected please review the guidance to see whether they need to register and report.
Financial institutions will have to carry out due diligence checks on all their account holders, which includes bank or similar accounts, investment accounts, insurance contracts, and debt/equity interests in trusts and other investment entities. The checks identify whether the account holder is tax resident in the UK. Businesses with account holders who are tax resident outside the UK, may be required to report this information to HMRC so it can be shared with the relevant tax authority.
Both new and pre-existing accounts need to be checked.
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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