Businesses that need to access online HMRC tax accounts should prepare for an additional layer of security that becomes compulsory later this month.

It will be mandatory for businesses to use HMRC’s 2-step verification (2SV). The procedure combines the taxpayer login details with a mobile or landline. After the initial login, a security code is issued to the mobile phone number or that of a landline which must be entered for access to the account. Alternatively, a code can be generated from a mobile or tablet by an HMRC app that has been associated with that account.

As with all of our tax tips and web pages this information is necessarily summarised and of a general nature.  If you would like detailed specific advice please contact us.