IESBA updates its ethical code in relation to tax planning
[ad_1] The International Ethics Standards Board (IESBA) has introduced new ethical provisions for accountants providing tax planning services. IESBA has updated its code of ethics to include detailed commentary on ethical requirements in relation to tax planning and related services. IESBA’s code of ethics forms the basis for ICAEW’s own ethical code. As a member […]
Check what your tax code means with HMRC’s online tool
[ad_1] HMRC has released a new online tool to help taxpayers understand what their tax code means. Tax codes are used by HMRC to tell an employer how much income tax to withhold through the PAYE system. A person’s tax code may change based on their personal circumstances. If it does, HMRC will inform the […]
HMRC publishes revised Code of Practice 9
[ad_1] HMRC has updated its code of practice that provides taxpayers with an opportunity to bring their UK tax affairs up to date on a civil basis, as opposed to criminal basis. Code of Practice 9 (COP9) gives taxpayers the opportunity to admit tax fraud and pay tax they owe, plus any related penalties. In […]
ICAEW responds to proposed revisions to Ethical Code
[ad_1] The Tax Faculty’s response provides a detailed analysis of the proposed revisions to the Ethical Code published by the International Ethics Standards Board (IESBA) compared to the UK’s Professional Conduct in Relation to Taxation (PCRT). In ICAEW REP 41/23, ICAEW’s Tax Faculty expresses support for IESBA’s initiative to strengthen the existing ethical code as […]