HMRC publishes review of powers to uphold agent standards in tax advice market

Published on: 10 March 2022

Published by a

Specialist Tax Regulatory Materials

Article summary

HM Revenue & Customs (HMRC) have reported the outcomes of an internal review of its powers to uphold standards for agents in the tax advice market. HMRC considered the scope of its powers, whether they cover all elements of agent standards, its approach to using these powers to tackle poor agent behaviours and any differences in approach in relation to agents that are professional body members compared to those who are not. HMRC further set out four actions it will take to uphold standards and further stated consultations will follow on challenging the high cost of claiming tax refunds and on options to improve the regulatory framework in the tax advice market.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

News

Guidance

Popular Articles

Corporation Tax

Taxation of loan relationships

Taxation of loan relationshipsThe vast majority of companies will have loan relationships and so will need to consider how they are taxed under the loan relationship rules. There are also specific provisions dealing with relevant non-lending relationships and other deemed loan relationships.

14 Jul 2020 13:48 | Produced by Tolley Read more

Class 1 v Class 1A

Class 1 v Class 1AClass 1 and Class 1AClass 1 and Class 1A are the categories of NIC that can be charged on expenses reimbursed and benefits provided to employees. These classes are mutually exclusive. A benefit cannot be subject to both Class 1 and Class 1A NIC. Three requirements must be met

Exemption ― insurance ― overview

Exemption ― insurance ― overviewThis guidance note provides an overview of the VAT treatment of insurance products and should be read in conjunction with the Insurance ― specific transactions and Exemption ― insurance ― brokers and agents guidance notes.Is insurance exempt from VAT?Supplies of

��˾��ҹ��