TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Call for evidence on tax advisers

In one of the most important consultations for many years, HMRC is exploring potential options to regulate the UK tax profession in its consultation “Call for evidence: raising standards in the tax advice market”. The NI Tax Committee response to this consultation which closed on 28 August 2020 will feature in the October 2020 edition of tax.point.

The call for evidence asked for views and evidence on several issues including:

  • the scope of the market for tax advice and services;
  • the characteristics of good and bad practice;
  • current Government interventions;
  • international models; and
  • possible approaches to raising standards.

The NI Tax Committee’s work in this area aims to ensure the Institute’s brand is both protected but also appropriately recognised by HMRC and is not devalued in any way. The Committee is also clear that the impact on regulation of our members should be minimal.