Government aims to raise tax advice standards

The government is exploring options to raise standards in the tax advice market through a strengthened regulatory framework. The government has published a consultation on options to strengthen the regulatory framework in the tax advice market and require tax advisers to register with HMRC, if they wish to interact with HMRC on a client’s behalf.   […]

Proposed revisions to ethical standards for tax planning

The International Ethics Standards Board (IESBA) has published an exposure draft for consultation, setting out proposed revisions to the IESBA ethical code in relation to tax planning and related services. IESBA published its exposure draft for comment on 17 February 2022.  Why does this matter?  The ethical code, published by IESBA, is adopted by ICAEW […]

Have your say: HMRC’s performance against Charter standards

ICAEW’s Tax Faculty is joining with other professional bodies to gather feedback on HMRC’s performance against standards in the HMRC Charter. Members are encouraged to complete a survey by the end of February. The Charter Stakeholder Group has prepared a survey to obtain feedback on HMRC’s performance against its Charter.  The Charter standards are: getting […]