PCRT Update & Refresher - PEM

OBJECTIVES

In this session we outline the key ethical requirements for professional firms in relation to Professional Conduct in Relation to Taxation (PCRT). The session will include details of any new guidance or updates issued that take effect in 2025 and 2026.

KEY TOPICS

• Who PCRT applies to and key requirements.
• The fundamental principles.
• The standards for tax planning.
• Updated version as applicable from 1 January 2026.
• Targeted guidance for MTD for Income Tax, Research and Development Relief claims and AI.
• The latest position with ‘raising standards in the tax advice market’;
• Common issues arising in practice and how to deal with them; and

This course aligns with the ICAEW Ethics CPD course module 3.3 and includes:

• Understanding how PCRT applies the fundamental principles of the Code of Ethics in a tax context.
• Exercising professional judgment in accordance with the requirements of PCRT.
• Identifying threats to the fundamental principles that might arise when involved in tax-related work.

WHO SHOULD ATTEND

Partners, managers and senior staff who deal with client taxation matters.