The changes envisaged by the consultation on raising tax standards would fundamentally change the landscape of the tax advice market, writes former ICAEW President Paul Aplin OBE.
On Budget Day the government published a consultation document on options to raise standards in the tax advice market by strengthening the regulatory framework and improving registration (see bit.ly/TaxAdviceMarket). In his introduction to the consultation the Financial Secretary to the Treasury Nigel Huddleston MP noted that ‘while most tax practitioners who provide tax advice and services are competent and adhere to professional standards ’ there is a minority ‘who are incompetent unprofessional or unscrupulous’. He references recent action to tackle egregious behaviour in the market but makes clear the government’s view that there is more to be done to raise standards and to deal with unacceptable behaviour. The consultation sets out the government’s thinking on what that ‘more’...
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The changes envisaged by the consultation on raising tax standards would fundamentally change the landscape of the tax advice market, writes former ICAEW President Paul Aplin OBE.
On Budget Day the government published a consultation document on options to raise standards in the tax advice market by strengthening the regulatory framework and improving registration (see bit.ly/TaxAdviceMarket). In his introduction to the consultation the Financial Secretary to the Treasury Nigel Huddleston MP noted that ‘while most tax practitioners who provide tax advice and services are competent and adhere to professional standards ’ there is a minority ‘who are incompetent unprofessional or unscrupulous’. He references recent action to tackle egregious behaviour in the market but makes clear the government’s view that there is more to be done to raise standards and to deal with unacceptable behaviour. The consultation sets out the government’s thinking on what that ‘more’...
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