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Essential measures

Essential service firms who fail to implement effective cyber security measures face fines in the UK of up to £17m, or 4% of their global turnover. The new government proposals are aimed at making Britain’s essential networks and infrastructure safe, secure and resilient against the risk of future cyber attacks. The Department of Digital, Culture, Media & Sport’s consultation document

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Data Protection law overhaul

The public will be given more control over their personal data and be better protected in the digital age under new measures announced by Digital Minister Matt Hancock. The proposals, to come in the form of a Data Protection Bill, include the ‘right to be forgotten’ and a requirement for social media platforms to delete personal information on children and

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New help for small businesses launched by HMRC

A new online tax forum and dedicated webchat service for small businesses and the self-employed has been launched by HMRC. The Small Business Online Forum is a quick and easy way for small businesses to get answers to their tax questions, as well as help with: starting a business support for growing a business – including taking on employees and expanding

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NOW: Pensions removed from the master trust assurance list at its own request

NOW: Pensions has today been removed from The Pensions Regulator’s master trust assurance list. There is no suggestion that the assets of members are at risk as a result of the scheme coming off the list, or that employers whose workplace pensions are in place with NOW: Pensions are not complying with their automatic enrolment duties. The Pensions Regulator (TPR)

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HMRC Talking Points sessions – July and August 2017

HMRC has arranged further Talking Points sessions. Please find further details of these online meetings below: Paying the right amount of tax through Pay As You Earn (PAYE): PAYE has changed. HMRC have improved the way they use real time information to make automatic adjustments to PAYE tax codes as they happen, rather than waiting until the end of the tax

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Do you give advice or services about tax or finance relating to offshore income or assets?

The new International Tax Compliance (Client Notification) Regulations 2016 came into effect on 30 September 2016 Under the UK’s Automatic Exchange of Information (AEOI) agreements, HMRC will soon begin to automatically receive data from over 100 jurisdictions about UK tax residents who have assets in offshore accounts. Before HMRC receives this information, people in industry who advise about overseas income

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Ministers confirm a new timetable for Making Tax Digital

Three million of the smallest businesses and landlords will be able to move to the new digital system for keeping tax records at a pace that is right for them, Ministers announced today as they set out the next steps for the Finance Bill. The government has listened to concerns raised by parliamentarians, in particular the Treasury Select Committee, businesses

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Employers confident of AE success

Automatic enrolment is business as usual for employers who say they are confident they are meeting their workplace pensions duties successfully, new research shows. For the first time, The Pensions Regulator (TPR) has published research into how UK employers are meeting their duties following the completion of their declaration of compliance (PDF, 1385kb, 58 pages). Around 96% of employers asked said

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Employers warned not to fall for exemption certificate scam

Employers are being warned not to fall for a scam involving the sale of fake certificates that suggest they do not have workplace pension duties. The Pensions Regulator (TPR) is investigating at least one company offering what it describes as ‘Certificates of Auto Enrolment Exemption’ to employers. A number of employers have been persuaded to pay for the documents, with

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