Inland Revenue plans to allow companies to file tax returns online have sparked controversy, as the Confederation of British Industry believes the system is insecure.
The project will go live on 6 April. However, Nigel Hickson, head of ebusiness at the CBI, said: ‘It is a lost opportunity. Passwords are not secure. The technology for e-certificates and e-signatures does exist, with UK companies manufacturing and using the technology. For some time we have been saying businesses need to authenticate themselves. We need Public Key Infrastructure.
‘With a simple password integrity is at stake. Anyone can get to know it if they are determined enough,’ he added.
But a Revenue spokesman denied the system was insecure. ‘There will be stringent security measures. Data files containing all registered user information will be stored behind a multi-level array of firewalls,’ he insisted.
Companies will be able to use the net for their end of year returns for 2000-2001, and will receive a #50 discount for filing online.
Article first appeared on www.vnunet.com.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel