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21 Sep 2009
Scottish accountants are in heated discussions with HMRC following changes to rules that mean the Revenue will not distinguish between professional and unregulated tax advisers.
ICAS has come across concern from members over the proposals from HMRC that will remove any differences between regulated and unregulated tax advisers, the Scotsman reported.
Derek Allen, director of taxation with ICAS, said: "A large number of ICAS members were quite offended [by the proposal]."
The changes were made in the HMRC consultation paper 'Modernising Powers, Deterrents and Safeguards: Working with Tax Agents'.
It is suggested that approximately 15% of the 80,000 tax advisers in the UK are not members of a professional body.
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Visitor comments Add your comment
What they can't see !
Unfortunately it is easy to see the legitimate savings from proper advice as opposed to what is missing from dodgy advice. I believe there is a deliberate plan to undermine the accountancy profession and what better way to do it than to support the lion tamer.
Posted by: K Alden, 21 Sep 2009 | 00:00