ACCA’s head of global taxation has said online filings of personal tax are at
great risk of being corrupted by fraud and has advised users to be vigilant.
Chas Roy-Chowdhury, head of global taxation at ACCA, said: ‘It is good to see
HMRC being so proactive about this issue and flagging it up.
‘Like all online transactions that involve personal and financial details,
people need to exercise caution and make sure they don’t open themselves up to
HM Revenue & Customs, which has mandated that all personal tax filings
should be done online in the future, said that online fraud is a ‘real risk’
which exploits weaknesses in software and email accounts.
ACCA has issued a checklist guideline for agents who file returns which
include not responding to emails from the taxman if there is any hint it may not
be from them.
The institute has said that it is very rare HMRC will get in touch via email
and to contact individuals for personal financial information.
HMRC processed approximately 4.1m income tax self-assessment forms between
January and March last year.
The AAT has become the first accountancy body to sign the Women in Finance Charter, which is designed to help achieve gender balance in the financial services industry
Driving opportunity for all and empowering businesses for success are the key themes for the Sage Summit UK this year, which takes place on 5-6 April
The partnership will see PwC have 'physical presence' at CodeBase in Edinburgh
Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory