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fromLondon Business News | Londonlovesbusiness.com
4 months ago

HMRC should not be the regulatory judge, jury and executioner of tax advisers - London Business News | Londonlovesbusiness.com

The new Finance Act is effectively regulation of tax advisors. It mandates that advisors must be registered with HMRC before interacting with them in relation to the tax affairs of a client. If advisors violate this rule, they could face a fine of £5000. This means HMRC is now the judge, jury and executioner for tax advisors, which is wholly inappropriate.
Law
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