Further information Take Five To Stop Fraud Week (22 – 26 January) is part of the national campaign from Financial Fraud Action UK and the UK Government, backed by the banking industry coming together to tackle fraud. Read all about the Take Five to Stop Fraud campaign .
If you do receive a text purporting to be from HMRC, to help their investigations please forward details of the text message to 60599 (network charges apply) or email phishing@hmrc.gsi.gov.uk before deleting.
More information on how to spot bogus HMRC correspondence and examples can be found on GOV.UK .
Back to Contents
New guidance published on changes to deemed domicile rules 5 February 2018
New deemed domicile rules came into force from 6 April 2017 and HMRC has now published new guidance to accompany and explain the new legislation.
Background As previously announced , from April 2017, non-domiciled individuals are deemed UK-domiciled for tax purposes if they have been UK resident for 15 of the past 20 years, or if they were born in the UK with a UK domicile of origin. Non- domiciled individuals who have a non-UK resident trust set up before they become deemed-domiciled in the UK will not be taxed on income and gains arising outside the UK and retained in the trust. To close a loophole, from April 2017, inheritance tax will be charged on UK residential property when it is held indirectly by a non-domiciled individual through an offshore structure, such as a company or a trust. The government will change the rules for the Business Investment Relief (BIR) scheme from April 2017 to make it easier for non-domiciled individuals who are taxed on the remittance basis to bring offshore money into the UK for the purpose of investing in UK businesses.
Find out about changes to the deemed domicile rules for Income Tax and Capital Gains Tax from 6 April 2017.
Back to Contents
HMRC most targeted government body for cyber attacks 7 February 2018
A report from the National Cyber Security Centre reveals that HMRC was the most targeted government body last year with 16,064 fake websites taken down in their Active Cyber Defence programme.
NCSC, part of Government Communications Headquarters (GCHQ) has published results of their Active Cyber Defence programme where millions of malicious emails have been stopped and the UK’s share of global phishing attacks have plummeted.
The results of the UK government’s new bold approach to tackling cyber crime are detailed in ‘Active Cyber Defence – One Year On’ , a comprehensive summary compiled by the NCSC’s Technical Director Dr Ian Levy.
Four pioneering Active Cyber Defence (ACD) programmes – Web Check, DMARC, Public Sector DNS and a takedown service – were launched last year as part of the National Cyber Security Strategy to improve basic cyber security by disrupting commodity cyber attacks that affect UK citizens.
Key findings amongst the comprehensive analysis show that since the ACD was introduced;
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 266 of 516
Made with FlippingBook - Online magazine maker