Technology

Tax / Increased transparency requirements put tax functions under pressure

Tax and finance functions are struggling to keep up with digital advances, a push towards transparency and global reforms of the international tax system, according to a survey conducted by EY

Tax / ‘Ask Alexa’ for tax credit information

HMRC is offering three million taxpayers the opportunity to ask Alexa, Amazon’s virtual home assistant, for help in renewing their tax credits by the 31 July deadline

Tax / HMRC shuts down record 20,000 fake websites

There has been a 29% hike in the number of malicious websites which HMRC has asked to be removed following a spate of scams involving fake emails and texts

Tax / Minor software providers sign up to Making Tax Digital pilot

With less than a year until the rollout of Making Tax Digital for VAT reporting becomes mandatory, HMRC has signed up two more software providers for the income tax pilot

Tax / Number of tax refund scams escalating

A sharp rise in the number of scam emails and text messages targeting taxpayers has been flagged by HMRC, with renewed warnings that criminals are attempting to trick the public into thinking they have received a tax rebate so they hand over their account and personal details

Tax / US lawmakers push IRS to adopt digital tax reforms

The Internal Revenue Service (IRS) is being pressed to adopt new online systems after the US House of Representatives passed legislation intended to introduce digital services and require the tax authority to appoint a chief information officer (CIO), in the wake of technical problems which saw the tax payments system crash on deadline day

Tax / HMRC Connect and tax investigations: what you need to know

HMRC Connect is a vast analytical tool creating links and patterns across millions of megabytes of data to identify recalcitrant taxpayers and close the tax gap. Rob Munro delves into the detail

Tax / HMRC passes 10m robot transactions total

HMRC has announced what it is calling a major milestone in its modernisation programme, having now processed 10m transactions using robots since 2015, a development which the department says has improved efficiency and customer experience

Tax / Malicious software warning to taxpayers

HMRC has issued a warning to tax agents about the risks of malicious software (malware) and malvertising being delivered by email, and particularly the risks of opening apparently benign attachments and clicking links

Tax / HMRC publishes guidance on online security vulnerabilities

HMRC has published guidance alerting taxpayers to what they should do if they identify a security vulnerability in an HMRC online service

Tax / IRS payment site crashes on tax deadline day

The Internal Revenue Service (IRS) has had to give US taxpayers an extra day to file their taxes after its payment site crashed on the 17 April deadline day

Tax / EU plans for 3% digital tax

The European Commission has announced plans to introduce a 3% tax on digital businesses, likely to hit around 150 companies and bring in some €5bn (£4.4bn) a year, as an interim step in its efforts to ensure a fair share of revenues from the current ‘black hole’ of online activities

Tax / OECD sets out digital economy tax plans

Ahead of this week’s meeting of the G20 finance ministers in Argentina, the OECD has published an interim report on the implications of digitalisation for taxation, and says its inclusive framework on base erosion and profit shifting (BEPS) is working to achieve a consensus approach by 2020

Tax / HMRC publishes directions on digital service consent

HMRC has published a policy paper setting out how users of either its current self assessment online service or the proposed new Making Tax Digital for business service can either provide or withdraw their consent to receive electronic communications from HMRC

Tax / Spring Statement 2018: corporate tax and the digital economy

The Spring Statement saw the release of an updated Treasury policy paper on options for reforming the corporate tax regime to address the challenges of the digital economy, with government considering going it alone if there are delays in reaching international agreement on ways to address the way digital businesses are taxed
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