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Professionals News

IRS Issues Warning On New Tax Info Phishing Attempts

Mike Godfrey,, Washington DC

Wednesday, January 10, 2018

The Internal Revenue Service has warned tax professionals that a new series of emails from cybercriminals posing as potential clients are attempting to trick practitioners into disclosing sensitive information. Read Full Story


HMRC Provides Trust Registration Update

by Jason Gorringe,, London

Monday, January 8, 2018

The UK tax agency, HM Revenue and Customs, has told the Association of Tax Technicians that those not yet able to use its new Trust Registration Service will not yet be penalized, having offered extra time for affected persons to register. Read Full Story


HMRC Updates Minimum Standards For Tax Agents

by Jason Gorringe,, London

Friday, January 5, 2018

On January 4, 2018, HM Revenue and Customs updated its "standard for agents," which sets out minimum standards tax agents and advisers are expected to meet when providing services to UK taxpayers. Read Full Story


US Filing Season Starts January 29, 2018

by Mike Godfrey,, Washington

Friday, January 5, 2018

The Internal Revenue Service has announced that the US tax season will begin on January 29, 2018, and sought to remind taxpayers claiming certain tax credits that refunds won't be available before late February. Read Full Story


Luxembourg Regulator Issues Fines After Panama Papers Probe

by Ulrika Lomas,, Brussels

Wednesday, January 3, 2018

The Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier, has fined several financial institutions for failing to adhere to anti-money laundering laws following an investigation which began after the publication of the Panama Papers. Read Full Story


ATO 'Making Systems More Resilient' After Outages

by Mary Swire,, Hong Kong

Monday, January 1, 2018

The Australian Taxation Office has hailed the "strong progress" made in ensuring the performance standard of its IT systems, following a series of outages earlier this year. Read Full Story


Canadian SMEs Seek Delay To New Tax Rules

by Mike Godfrey,, Washington

Wednesday, December 13, 2017

The Canadian Federation of Independent Business has called for the implementation of new income sprinkling rules to be delayed. Read Full Story


US Taxpayers Must Sign Up For More Secure E-Services

by Mike Godfrey,, Washington

Tuesday, December 12, 2017

All e-Services users must register through a new, more rigorous identity proofing process called Secure Access, as of December 10, 2017. Read Full Story


CIOT Welcomes UK Commitment To Earlier Tax Consultations

by Jason Gorringe,, London

Monday, December 11, 2017

The Chartered Institute of Taxation has welcomed the promise from the UK Government that it will hold more early-stage policy consultations and reintroduce the online tax consultation tracker. Read Full Story


UK Commits To Earlier Consultations On Tax Policy Changes

by Jason Gorringe,, London

Thursday, December 7, 2017

The UK Government has proposed changes to the way it will consult on tax changes with lawmakers and the tax industry. Read Full Story



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