A consultation was raised by the government on 23rd March on the subject of raising standards in the tax advice market, focusing on professional indemnity insurance and views on the definition of tax advice.
The main goal is to find professional staff, cooperate with professional bodies, as well as agents who will answer your questions at any time and help you settle your tax obligations.
This may be of interest to anyone providing or being provided with tax advice or offers services to third parties to assist compliance with HMRC requirements and the insurance industry.
The consultation is open until June 15, 2021. If you want to participate, you can send an email to takadviceconsultation@hmrc.gov.uk. The HMRC will publish a summary of responses once the consultation period is closed.
For more information, you can visit https://www.gov.uk/government/consultations/raising-standards-in-the-tax-advice-market
