TAX ADVISERS should be made to abide by a new code of conduct to counter the promotion and administration of tax avoidance schemes, according to Accountancy Age readers.
However, those calling for such a code of conduct are split into two distinct groups. Some 40% of the 100 respondents said any code should be enforced by HM Revenue & Customs, while 13% of respondents felt an independent body would be better-placed.
The remaining 47% felt there is already a code of conduct jointly prepared by the professional institutes.
The question was raised in February by the Public Accounts Committee, which accused PwC and other large accountancy firms of helping multinational companies to drive down their tax bills to negligible levels by funnelling their UK profits through low-tax jurisdictions offshore.
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion
Top 50+50: Demand for tax advisory services remains high, but fee pressure is expected in relation to compliance services
The demand for tax advisory services remains high and this looks to continue; but fee pressure is expected in relation to compliance services as the “Making Tax Digital” initiative is rolled out,