Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Raising standards for tax advice

23 November 2020
Issue: 4770 / Categories: News

HMRC has published a summary of responses from the call for evidence on raising standards in the market for tax advice.

Among its initial plans is to improve awareness of its standard for agents. Most respondents considered this was not as comprehensive as the professional bodies’ Professional conduct in relation to taxation (PCRT) but believed the HMRC standard provided an adequate baseline. But there was more HMRC could do to bring it to advisers’ attention in particular to unaffiliated advisers who do not transact directly with HMRC. Further HMRC could better manage adviser behaviour by using the powers it has more effectively.

In light of this HMRC plans to take action to raise awareness of the standard for agents with target audiences. It will also conduct and publish the results of an internal review of the powers now available to HMRC that help enforce that...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon