Monthly Archives: January 2020

Strong Customer Authentication requirements: what you need to know

Originally written by Timothy Adler on Small Business
Background to SCA and PSD2
The new EU Payments Services Directive (PSD2) came into effect in January 2018, bringing in new laws aimed at enhancing consumer rights and reducing online fraud.
A key element of PSD2 is the introduction of additional security authentications for online transactions over €30, known as Strong Customer Authentication (SCA). It means customers will no longer be able to checkout online using just their credit or debit card details, they will also need to provide an additional form of identification.
What is Strong Customer Authentication?
SCA adds an extra layer of security when customers make a payment online. Until now, shoppers have been able to simply enter their payment details and complete their purchase (although some businesses voluntarily choose to ask for further authentication).
SCA is designed to make paying online more secure and, consequently, reduce payment fraud.
In real terms, however, this means that more than 300 million ordinary European consumers will regularly have to change the way they buy online, introducing an extra layer of friction at the checkout for everyday transactions.
How does SCA work?
SCA is a form of two-factor authentication designed to prove that customers are who they say they are, with

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Freelancers call government 6-week review into IR35 ‘an insult’

Originally written by Timothy Adler on Small Business
Freelancers have called the government’s six-week review into IR35 tax changes “an insult” and claim HMRC is intent on bulldozing its controversial reforms come what may.
HMRC wants to bring thousands of freelance contractors who are effectively full-time employees within PAYE to tackle what the taxman sees is “disguised employment”. Responsibility for assessing the tax status of self-employed contractors is due to shift from the contractor to the company that hires them.
IR35 legislation, which has been heavily criticised by tax experts and business as being poorly conceived, badly implemented by HMRC and could reduce a worker’s net income by up to 25 per cent, is set to roll out on 6 April 2020.
>See also: Over half of self-employed don’t even know what IR35 is
However, the Federation of Small Businesses says that big corporations say they’ll pull the plug on contractors if IR35 goes ahead unchanged.
Today (Jan 7) the government launched its review into off-payroll working rules, gathering evidence from affected individuals and businesses, which it says will be completed by mid-February.
Julia Kermode, chief executive of The Freelancer & Contractor Services Association (FCSA), said: “This seems to be another meaningless review from a government who

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