Hello
I let my membership to the ICAEW lapse a few years ago as I did not need it
I have reapplied for membership and my practice certificate and I am waiting for these
Please could someone advise......if my readmission and certificate is approved and issued how do I go about registering as an agent with the Revenue. Do I just register and my membership of the professional body covers me or do I have to pay the Revenue a fee to be registered ....I am not quite clear on this
Thank you
Replies (6)
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You might want to do a bit of CPD too. You are dreadfully out of date. The Inland Revenue has not existed in over 10 years.
If you are asking about registering as an agent then see:
https://www.gov.uk/guidance/client-authorisation-an-overview#agent-codes...
If you are asking about registering for MLR then see:
https://www.gov.uk/guidance/money-laundering-regulations-accountancy-ser...
But in all seriousness, if your ICAEW membership lapsed a few years ago because you didn't need it then you have need to be aware that a lot may have changed since you last worked in practice. We live in interesting times.
Hmm. The problem with professional practice is that you cannot usually rely on being able to stick exclusively to a field of speciality. You may well understand your niche area perfectly, but the client's tax affairs have to be looked at as a whole, and people have wide and varied lives that mean you have to be a jack of all trades as well as a master of some.
I do wish you good luck though.