GDPR to be incorporated into engagement letters product.
ACCA – together with other members of the Joint Profession Engagement Letter working party (AAT, ATT, CIOT and STEP) – is revising our engagement letters for tax practitioners to reflect legislative changes such as those to the EU General Data Protection Regulation (GDPR).
The working party says:
‘Members may like to be aware that engagement letters for tax practitioners are currently being worked on jointly by the professional bodies noted. A number of changes are required to reflect legislative changes such as the EU General Data Protection Regulation (GDPR). The engagement letters are in final draft and legal counsel has been contacted and asked for an opinion. The working party is aiming to issue updated guidance and template letters in April 2018. Should there be any delay the working party will issue draft letters.’
The revised letters include a privacy notice, revised schedules (including those for payroll), revised terms and conditions, and guidance.
We will let all practitioners know as soon as these are available.