The government’s consultation on options to raise standards in the tax advice market by strengthening the regulatory framework and improving registration proposes mandatory registration for agents engaging with HMRC and three options for a regulated tax advice market: mandatory membership of a professional body; a hybrid model with supervision shared by the professional bodies and HMRC; or regulation by a government body. It could herald a fundamental change to the way the tax advice market operates.
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The government’s consultation on options to raise standards in the tax advice market by strengthening the regulatory framework and improving registration proposes mandatory registration for agents engaging with HMRC and three options for a regulated tax advice market: mandatory membership of a professional body; a hybrid model with supervision shared by the professional bodies and HMRC; or regulation by a government body. It could herald a fundamental change to the way the tax advice market operates.
If you are not a subscriber, subscribe now to read this content.