UK Tax Group Calls for More Targeted Plan to Tackle Misconduct

A UK bill aimed at tackling tax adviser misconduct could cause significant harm to reputable advisers, a professional body warned the country’s new tax minister Thursday.

Any legislation to raise standards in the tax advisory market shouldn’t have “unreasonable or disproportionate financial or other burdens” on tax agents, Nichola Ross-Martin, president of the Chartered Institute of Taxation, wrote in a letter to Dan Tomlinson, the newly appointed exchequer secretary to the UK Treasury.

His Majesty’s Revenue and Customs would get bolstered information gathering powers and firmer financial penalties to act against advisers suspected of facilitating clients’ noncompliance, ...