Updated guidance is published
ICAEW, along with AAT, ACCA, ATT, CIOT, ICAS and STEP, have released today, 1 November 2016, updated guidance, Professional Conduct in relation to Taxation, on how tax advisers and agents should act in difficult situations.
HMRC issued a “News Story” shortly after the release of the PCRT in which it said:
“In a letter to the seven professional bodies, the Financial Secretary to the Treasury, Jane Ellison MP, thanked them for their commitment to good tax compliance and responsible tax planning by responding to the government’s Budget 2015 challenge.
HMRC, as a key stakeholder, was consulted during the development of the new code and welcomes the fact that the regulatory bodies have taken up this challenge put to them in the March 2015 Budget.”
In addition to the PCRT report, ICAEW has prepared a set of Q&A's to offer further guidance, and Michael Izza, ICAEW Chief Executive, has shared his views on tax avoidance on his blog.
Access to all these documents is available on the dedicated page on the ICAEW website which you can access by clicking here.