Wyman symposium: Regulation of the tax profession

Regulation of the tax profession is a hot and sometimes vexed topic. It has been on the agenda for many years with various calls for evidence and consultations on the issue. Indeed at a perhaps more basic level HMRC issued a consultation more than 11 years ago – Establishing the future relationship between the tax agent community and HM Revenue & Customs – in which it sought to differentiate services between agents in business and those who support individuals family and friends on an unpaid basis and to engage with agents in a more informed way. I am unsure about the outcome of that particular consultation – answers on a postcard please.

Bringing us more up to date in March 2020 HMRC published a call for evidence Raising standards in the tax advice market asking for comment on improving...