Technology

Tax / HMRC adds voice recognition to digital security features

HMRC is to add voice recognition to its options for taxpayers to confirm their identity to access its services, with the addition designed to speed up the security process

Tax / HMRC plans ‘year-long’ Making Tax Digital pilot

HMRC has confirmed plans to undertake a year-long pilot of Making Tax Digital for ‘hundreds of thousands’ of taxpayers following criticism at the hands of MPs in the Treasury Committee

Tax / Five-year tax break for digital cable suppliers

Telecoms network suppliers are to be offered a £60m tax break for creating new infrastructure for full fibre broadband, as part of the government’s plans to boost the UK’s digital revolution and switch to online services

Tax / HMRC to launch online anti money laundering register and renewal

HMRC has provided outline details of a new online, digital system for anti-money laundering supervision set to be introduced next year

Tax / HMRC cuts scam emails by 300m

Ahead of the busiest period for self assessment returns, HMRC has slashed the number of fake emails sent to taxpayers by 300m by introducing a new level of security

Tax / HMRC fails to set out contingency plan for Making Tax Digital rollout

HMRC has not agreed contingency measures with the Treasury should it run into difficulties with plans to digitise the tax system, and must take action to ensure it has a credible plan to make savings without damaging customer service, according to a report by the public accounts committee (PAC) which says its performance remains below par in several key areas

Tax / ‘Digital left-behinds’ at risk in new online tax services

The Low Incomes Tax Reform Group (LITRG)  is calling for urgent action to help the ‘digital left-behinds’ it has identified, warning that these individuals may find it hard to remain tax compliant once HMRC’s Making Tax Digital (MTD) initiative starts in 2018

Tax / Riley: Hammond missed opportunity to review tax code

Chancellor Philip Hammond missed the opportunity to make the tax code more equipped for the digital age with a root and branch review, says Grant Thornton head of tax Jonathan Riley

Tax / AS2016: tax incentives introduced for ultra low emission vehicles

The Autumn Statement contained measures to incentivise take-up of ultra low emission vehicles (ULEVs), by reforming the appropriate percentage banding structure used in establishing the taxable benefit for ULEV company cars and funding more development work. 

Tax / AS 2016: FinTech push with £500k investment

In his Autumn Statement Chancellor Philip Hammond announced that to support investment in UK fintech, the Department for International Trade (DIT) will provide £500,000 a year for financial technology (FinTech) specialists

Tax / HMRC complaints at seven-year high

Complaints about HMRC have reached the highest level since the global financial crisis, according to analysis by Saffery Champness, which warns that the switch to making tax digital (MTD) risks prompting a further rise, with additional cost to the tax authorities

Tax / Cherry: rushed introduction of Making Tax Digital damaging for business

As the government looks to press ahead with its Making Tax Digital (MTD) project, Mike Cherry, national chairman at the Federation of Small Businesses, outlines the major concerns of the UK’s small businesses, who will struggle to comply in such a short timeframe

Tax / Tax body calls for postponement of MTD to prepare businesses and software

Tax experts from the Low Incomes Tax Reform Group (LITRG) have voiced concerns over HMRC’s ambitious timescale for Making Tax Digital (MTD) reforms and call for them to be postponed to better prepare businesses and test out new software

Tax / CIOT and ATT members call for MTD exemption to match VAT threshold

Members of the CIOT and Association of Taxation Technicians have called for the £10,000 exemption from mandatory reporting responsibilities under MTD to rise to match the £83,000 VAT threshold

Tax / Federation of Small Businesses: ‘Delay MTD by 10 years’

Making Tax Digital should be delayed by as much as 10 years in order to allow businesses to adopt ‘something that works after being properly tested’, according to the Federation of Small Businesses’ (FSB) national chairman Mike Cherry
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