Ethics and PCRT for Tax Advisors

Objectives

In this session we outline the key ethical requirements for professional firms in relation to Professional Conduct in Relation to Taxation (PCRT). We also consider similar requirements imposed on firms who are not a member of a relevant professional body, in the form of HMRC’s Standard for Agents. The session will include details of any new guidance or updates issued to either standard in 2025.

Key topics

• Who PCRT applies to and key requirements;
• The fundamental principles;
• The standards for tax planning;
• Who HMRC’s Standard for Agent’s applies to and key requirements;
• The latest position with ‘raising standards in the tax advice market’ – are we moving towards regulation?;
• Designated PCRT requirements in relation to research and development relief claims;
• Common issues arising in practice and how to deal with them; and
• Overlap with anti-money laundering requirements.

Who should attend

Managers and partners who deal with client taxation matters.