Wednesday, May 26, 2021 - 09:00 - 10:00

Getting to grips with mandatory PII proposals

Episode summary
loading icon

Checking Access...

Should only take a second or two

Need any help? Please let us know

Getting to grips with mandatory PII proposals

You'll hear from:

The first step to regulate the tax advice market? Will it be the last?

All those giving tax advice will be subject to a new requirement to carry a specified amount of Professional Indemnity insurance. This is part of HMRC’s proposals to improve the quality of tax advice, with an aim to find a balance between new burdens on business and protection for those using tax advisers.

This session aims to tackle the following topics:

  • What is tax advice?
  • Understanding what HMRC’s proposals are for mandatory PII
  • How will this influence your firm directly?
  • What impact will this have on future push for regulation of the tax advice market?
  • What are the pros and cons of mandatory PII?

Rebecca will outline the proposals for you and then invite comments and discussion on the moves to regulate the profession and how members see this impacting them and the sector.

Sponsored by

FreeAgent logo

Related reading:


You can earn 1 CPD point by watching the episode live in full, at the end of the session we will share a link where you can submit the details you require on your certificate. The certificate will be sent to you within 30 days of submitting your details.

More from this show


Making Tax Digital: planning and preparing

How to deal with client errors and COVID claims

COVID support schemes: the latest news

Making Tax Digital: Getting to grips with software

Related sessions

How to retain accountancy staff post-Covid

How to recruit UK accountants in 2021

Payroll and Bookkeeping: In or Out?

Making Tax Digital: Countdown To April 2022