The Chartered Institute of Taxation called for a clampdown on unqualified accountants and tax advisers which would mean they would need professionally recognised qualifications before they can provide services.

MPs are considering legal protection for the term 'accountant' in an Early Day Motion, but the CIoT said it would go further and include not only accountants but also tax and financial advisers.

Nick Goulding, CIoT President said: 'The time has come to recognise the importance of obtaining professional qualifications in order to provide tax services to both business and the public.'

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Read the early day motion