The revised professional guidelines are designed to clarifying a number of ‘thorny issues’ including money laundering, Inland Revenue errors and disclosures under self-assessment.
For the first time the Institute of Chartered Accountants of Scotland and the Association of Chartered Certified Accountants joined the Chartered Institute of Taxation, the Association of Taxation Technicians, the Tax Faculty of the ICAEW and the Institute of Indirect Taxation to draw up the revised guide.
The guidance on disclosure has been completely rewritten to take in new rules on self-assessment for companies, with advice on how to protect clients from the revenue’s discovery powers.
Accountants and tax specialist are also advised to return excessive overpayments back to the revenue, regardless of clients’ wishes. Members are also told to keep detailed notes of meetings and telephone calls with clients and tax authorities.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
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