Professional Conduct in Relation to Taxation (PCRT) sets out the professional standards that are expected of a member when undertaking tax work. PCRT is a pan-professional document published by seven leading accountancy and tax bodies. As such it represents an ‘industry standard’ about professional behaviour in tax matters. Members must therefore be familiar with, and comply with, PCRT when advising on UK tax matters. Failure to do so may expose a member to possible disciplinary action.
Representatives from the CIOT attended the recent meetings of the CFE in Warsaw in September. The meetings that were held were those of the General Assembly, the Fiscal Committee and the Professional Affairs Committee.