One recent story that will have undoubtedly
attracted the attentions and concerns of many of those using an accountant in Guildford is the covert
plan to allow HM Revenue & Customs to sell the personal data of taxpayers
to private firms. Conservative MP and former minister David Davis is among the
latest to express dismay, his declaration of the proposal as "borderline
insane" prompting similar condemnation from other groups.
Mr
Davis told The Guardian that Treasury
officials were "clearly" unaware of the risks to data in the digital
age, and that they had not yet credibly justified the plan. He added that "Our forefathers put… checks and balances in place
when the information was kept in cardboard files, and data was therefore
difficult to appropriate and misuse. It defies logic that we would remove those
restraints at a time when data can be collected by the gigabyte, processed in
milliseconds and transported around the world almost instantaneously."
The Adam Smith Institute, Big Brother Watch and tax campaigner
Richard Murphy have all joined in with criticism of the proposals in the wake
of Mr Davis' comments. However, the newspaper
in which the MP was quoted added that the initiative had already
commenced, with reports suggesting that VAT registration data has already been
released as part of a HMRC pilot scheme to Equifax, Dun & Bradstreet and
Experian. Despite this, there is no reference to this relationship with the
department on any of the three firms' websites.
Mr Murphy's Tax Research UK commented: "The very same
companies who object to filing information on their tax affairs that will
ensure they pay the right amount of tax…will now be able to buy information on
the tax affairs of people who do just that. You really could not make up such
staggering hypocrisy from both big business and HMRC."
The history of the tie-up between the three companies and the
Revenue can be traced back to the government's declaration in the Autumn
Statement 2013 that it intended to "work on" plans for the release of
VAT registration data. The government had stated back then that it would be
"announcing decisions" on any such proposals in "early 2014",
although any notification for taxpayers seems to have amounted to no more than
a paragraph in the March Budget.
The relevant section in the 120-page Budget report of interest to
clients of an accountant in Guildford
read: "The government will legislate to provide for a controlled release
of non-financial VAT registration data for specific purposes (principally
credit scoring) and to a small number of qualified parties (like credit
reference agencies)."
However, HMRC did attempt this week to reassure taxpayers, saying
that a consultation would apply to any plans to increase the availability of
aggregated and "anonymised" data. The Revenue emphasised that any
such "specific measures" would be subject to "suitable
safeguards", with the requirement that they demonstrate a "clear
public benefit".
Editor’s
Note: Sherwin Currid (http://www.sherwincurrid.com/)
are represented by the search engine advertising and digital marketing
specialists Jumping Spider Media. Email: info@jumpingspidermedia.co.uk
or call: +44
(0)20 3070 1959 / +34 952 783 637.
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