BREAKING NEWS: SDLT Holiday to be Extended

Public invited to contribute to draft rules around data protection, security and inclusivity Part of work to help people prove who they are without the need for physical documents Aim is to make people’s lives easier and boost the country’s £149 billion digital economy The government has today published its draft rules of the road for governing the future use of digital identities. It is part of plans to make it quicker and easier for people to verify themselves using modern technology and create a process as trusted as using passports or bank statements. Digital identity products allow people to prove who they are, where they live or how old they are. They are set to revolutionise transactions such as buying a house, when people are often required to prove their identity multiple times to a bank, conveyancer or estate agent, and buying age-restricted goods online or in person. The new ‘trust framework’ lays out the draft rules of the road organisations should follow. It includes the principles, policies, procedures and standards governing the use of digital identity to allow for the sharing of information to check people’s identities or personal details, such as a user’s address or age, in a trusted and consistent way. This will enable interoperability and increase public confidence. The framework, once finalised, is expected to be brought into law. It has specific standards and requirements for organisations which provide or use digital identity services including: Having a data management policy which explains how they create, obtain, disclose, protect, and delete data; Following industry standards and best practice for information security and encryption; Telling the user if any changes, for example an update to their address, have been made to their digital identity; Where appropriate, having a detailed account recovery process and notifying users if organisations suspect someone has fraudulently accessed their account or used their digital identity; Following guidance on how to choose secure authenticators for their service. Organisations will be required to publish a yearly report explaining which demographics have been, or are likely to have been, excluded from their service and why. The move will help make firms aware if there are inclusivity problems in their products while also boosting transparency. The framework will also help promote the use of ‘vouching’, where trusted people within the community such as doctors or teachers ‘vouch for’ or confirm a person’s identity, as a useful alternative for those without traditional documents, such as passports and driving licences. Digital Infrastructure Minister Matt Warman said: Establishing trust online is absolutely essential if we are to unleash the future potential of our digital economy. Today we are publishing draft rules of the road to guide organisations using new digital identity technology and we want industry, civil society groups and the public to make their voices heard. Our aim is to help people confidently verify themselves while safeguarding their privacy so we can build back better and fairer from the pandemic.

The Times newspaper has this evening reported that Chancellor Rishi Sunak plans to announce a 3 month extension to the Stamp Duty Land Tax holiday in the Budget on 3rd March Currently due to finish on the 31st March, the 3 month extension would bring the end of the SDLT holiday in line with the […]

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Over 100,000 transactions could benefit from SDLT extension

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There has still been no official statement from the government regarding the ‘leaked’ potential six-week extension to the stamp duty land tax (SDLT) holiday, which the Daily Telegraph reported on last weekend, yet Rightmove has estimated that if the extension takes place up-to 160,000 transactions could benefit from the tax saving. If 160,000 transactions were […]

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