Policy News Journal - 2013-14

Link to form

HMRC supporting ‘Get Safe Online Week’

23 October 2013

Last year alone, 87 per cent of small businesses suffered a cyber attack which cost between £35,000 and £65,000.

Cyber crime affects many small businesses including tax agents and advisors. Last year alone, 87 per cent of small businesses suffered a cyber attack at an average cost of £35,000-£65,000.

This week HMRC is supporting Get Safe Online Week which aims to raise awareness of internet security.

Businesses and individuals increasingly use online for their transactions with HMRC so it is vital that they protect their online systems effectively.

There are a number of simple things tax agents and advisors can do to stay safe online, including:

 keep login details safe and never use clients' login details  change passwords regularly  install anti-virus software onto all systems  keep computers secure including computers used for home working.

Follow the links below for further information:

Tax agent-specific tips

 Practical advice and tips for small businesses and consumers  Get Safe Online

Limits on Income Tax reliefs - Guidance

24 October 2013

HMRC has published guidance on the limits on Income Tax reliefs enacted in the Finance Act 2013 and having effect from the tax year 2013-14.

The limit applies to certain reliefs, which were previously unlimited and that are available to reduce an individual’s total income. The limit is the greater of £50,000 or 25 per cent of the individual’s adjusted total income for a tax year. The guidance explains, with supporting examples, how the limit is calculated, the measure of income used to calculate the limit, which reliefs are subject to the limit, and how different circumstances are treated.

Limits on Income Tax reliefs - Guidance

HMRC’s new Intelligent Telephony Automation (ITA)

22 November 2013

CIPP Policy News Journal

16/04/2014, Page 169 of 519

Made with FlippingBook - Online magazine maker