Raising standards in the tax advice market – strengthening the regulatory framework and improving registration

We welcome the opportunity to respond to the HM Revenue & Customs (‘HMRC’) Consultation ‘Raising standards in the tax advice market – strengthening the regulatory framework and improving registration’.

UK Finance supports the objective of this consultation, which is to raise standards in the tax advice market.

We welcome the intention to limit the scope of any new regulation to advisors who interact directly with HMRC in their professional capacity. We do not consider it necessary for these new rules to extend to, for example, in-house tax advice within large businesses.

Area of expertise:
Prudential risk, reporting and tax
Raising standards in the tax advice market – strengthening the regulatory framework and improving registration

20.05.24

Consultation Responses

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