The Professional Conduct in Relation to Taxation (PCRT) group have welcomed the newly updated HMRC Standard for Agents that sets out HMRC’s expectations of all tax agents and advisers in their dealings with HMRC.
This collaborative effort on behalf of both the PCRT bodies and HMRC since February 2023 now provides clarification and removes any potential duplication and unnecessary compliance burdens of applying multiple and potentially misaligned codes of conduct. The updated standard now recognises the importance of PCRT and states that if agents are meeting their professional body’s code of ethics, the HMRC Standard should not place further requirements on them.
The Professional Conduct in Relation to Taxation (PCRT) group have welcomed the newly updated HMRC Standard for Agents that sets out HMRC’s expectations of all tax agents and advisers in their dealings with HMRC.
This collaborative effort on behalf of both the PCRT bodies and HMRC since February 2023 now provides clarification and removes any potential duplication and unnecessary compliance burdens of applying multiple and potentially misaligned codes of conduct. The updated standard now recognises the importance of PCRT and states that if agents are meeting their professional body’s code of ethics, the HMRC Standard should not place further requirements on them.
