30 January 2017
Cloud computing guidance now available to tax practitioners
Chair of the Tax Practitioners Board (TPB), Mr Ian Taylor, has released guidance to assist registered tax practitioners to understand their obligations under the Code of Professional Conduct (Code) in relation to the use of cloud computing.
The cloud computing practice note TPB(PN) 01/2017 outlines relevant factors for tax practitioners to consider when entering into cloud arrangements, the consequences of having inadequate cloud arrangements, and provides a useful listing of further reference information. While the TPB has a range of information products, this is the first guidance released as a practice note.
Mr Taylor said the finalised practice note takes into consideration the feedback received on an exposure draft released for stakeholder comment in October 2016.
‘We are pleased to release the practice note to assist tax practitioners in understanding relevant obligations when operating in a cloud environment', Mr Taylor said.
‘The practice note provides practical assistance to tax practitioners, raising awareness of relevant considerations when entering into cloud arrangements and outlining where to find further information. Practice notes may also be developed on other matters in future as part of the TPB’s commitment to providing practical assistance to tax practitioners in understanding their obligations.’
About the Tax Practitioners Board:
The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct.