HMRC's bi-monthly Agent Update and Employer Bulletin are created from the same sources and usually share a lot of content - for obvious reasons. But those published this week have at least one major variance ... the description of current consultations on tax issues.
In the Agent Update, it talks simply about "The government has launched a consultation on proposals to introduce a requirement for tax advisers to hold professional indemnity insurance (PII). We’re inviting you to share your views."
Whereas in the Employer Bulletin, it expands the scope considerably when it says "Hearing about your experience when dealing with tax advisers is important to us and it will help us decide the best way forward. As part of the consultation, we’d like to hear your thoughts on:
* what checks you carry out when engaging a tax adviser? Do you check whether they are insured
* your experience (if any) of making claims or complaints against a tax adviser for bad advice that you may have received
* the government’s ambition is for HMRC to share information about the adviser with the client digitally
Responding is easy, you can email your views to [email protected]. The consultation closes on 15 June 2021."
If ever you doubted that HMRC want to 'police' your operations (in this case as a Tax Adviser), then think again.