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HMRC calls for evidence on tax advice market
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HMRC asks for evidence on tax advice standards

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Just after the Budget HMRC issued a call for evidence on standards in the tax advice market. With just two months to respond, Philip Fisher highlights the main issues.

27th Mar 2020
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To accompany the publication on 19 March 2020 of its Tackling promoters of mass-marketed tax avoidance schemes policy paper, HMRC issued a call for evidence on standards in the tax advice market. The period for comments was short, with a closing date of 28 May 2020.

Financial Secretary to the Treasury Jesse Norman struck an emollient tone in his foreward to the document, but some advisers would balk at his comments: “Many tax advisers are technically competent and adhere to high professional standards, and are a very useful source of advice and support to taxpayers. But as the loan charge review highlighted, the market for tax advice is not working as well as it should be. Some advisers are incompetent, some unprofessional, a few actively corrupt.”

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Replies (4)

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By SteveHa
30th Mar 2020 09:26

Quote:
Many accountants might regard this process as positive, since it could result in the outlawing of unqualified, incompetent and unethical rivals.

What an inflammatory comment. I'm QBE, having worked in HMRC for 20 years, and in practice for the same period since. I, my clients, and my employer consider me to be more than competent, and I passionately follow the terms of PCRT.

A certificate does not make one competent, or ethical. Professional pride does.

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By Ian McTernan CTA
30th Mar 2020 10:56

Will HMRC agree to their staff having the same standards?

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By rockallj
31st Mar 2020 23:04

This is the role of our professional bodies, not HMRC.

Any person or body has the ability to make a complaint to them and that is good enough. HMRC should concentrate on their role and help us to help their “customers”.

I’m qualified, but I hate the way that unqualifieds are vilified. I have come enough accountants with fancy letters who cannot even make a balance sheet balance. Some of the best advisors I’ve come across aren’t qualified.

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