The CIOT, AAT, ACCA, ATT, ICAEW, ICAS and STEP have together updated their guidance on professional conduct in relation to tax work (PCRT). This replaces the version issued in February 2014. The guidance contains new material on electronic filing, decisions of courts and tribunals, DOTAS, POTAS, accelerated payments and follower notices, as well as an expanded chapter on tax planning, but the CIOT says it does not include specific changes in response to the government’s challenge issued in March (in the jointly issued HMRC and HM Treasury paper, Tackling tax evasion and avoidance) for the professional bodies to take greater responsibility for enforcement of standards.
A statement issued by the CIOT’s professional standards team said: ‘Once a new government is in place, the professional bodies will hold further discussions with HM Treasury and HMRC about how this challenge [to take on a greater lead and responsibility in setting and enforcing clear professional standards around the facilitation and promotion of avoidance] should be progressed. This guidance is being issued in the meantime as it contains extensive new material of practical benefit to members. We are looking forward to working with government on this issue and will resume our regular meetings with HMRC to discuss the next update of PCRT following the election.’
The CIOT, AAT, ACCA, ATT, ICAEW, ICAS and STEP have together updated their guidance on professional conduct in relation to tax work (PCRT). This replaces the version issued in February 2014. The guidance contains new material on electronic filing, decisions of courts and tribunals, DOTAS, POTAS, accelerated payments and follower notices, as well as an expanded chapter on tax planning, but the CIOT says it does not include specific changes in response to the government’s challenge issued in March (in the jointly issued HMRC and HM Treasury paper, Tackling tax evasion and avoidance) for the professional bodies to take greater responsibility for enforcement of standards.
A statement issued by the CIOT’s professional standards team said: ‘Once a new government is in place, the professional bodies will hold further discussions with HM Treasury and HMRC about how this challenge [to take on a greater lead and responsibility in setting and enforcing clear professional standards around the facilitation and promotion of avoidance] should be progressed. This guidance is being issued in the meantime as it contains extensive new material of practical benefit to members. We are looking forward to working with government on this issue and will resume our regular meetings with HMRC to discuss the next update of PCRT following the election.’
