Consultation | Raising standards in the tax advice market

Have your say on proposals to raise standards by strengthening the regulatory framework in the tax advice market and improving registration.

HM Revenue & Customs (HMRC) has launched a consultation to explore options to raise standards in the tax advice market.

Who does this consultation impact?

This consultation will be of interest to tax practitioners (providers of tax advice and services), their clients or potential clients, and tax and accountancy professionals and regulatory bodies.

Consultation proposals

This consultation seeks views on:

• potential approaches to raising standards
• whether the government should pursue introducing a requirement for paid tax practitioners to be a member of a recognised professional body that supervises their professional standards
• how professional bodies and the government can work together to raise standards of tax practitioners
• which groups of tax practitioners should be in scope or excluded from the proposed option
• a first step of mandating registration with HMRC for tax practitioners who wish to interact with HMRC on behalf of their clients, and the requirements that HMRC should establish to enable registration

The consultation seeks views on possible approaches, impacts, and design features of those options.

How to respond to the consultation

You can respond to this consultation by emailing HMRC at raisingstandardsconsultation@hmrc.gov.uk.

Read full details on raising standards in the tax advice market: strengthening the regulatory framework and improving registration consultation.

First published 12 March 2024