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The Finance and Public Administration Committee of the Scottish Parliament are carrying out their pre-budget scrutiny in respect of the Scottish Budget 2025-26.

The CIOT and ATT broadly agreed with the suggested measures and areas for change that were identified in the consultation document (see tinyurl.com/mrz4p3zc

HMRC issued a consultation regarding the implementation of certain discretionary and optional elements of the Crypto Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard

On 22 March, the Public Accounts Committee (PAC) opened an inquiry into HMRC’s customer service.

The latest in a series of consultations on raising standards in the tax advice market was published in March 2024 (tinyurl.com/hmrcraisingstandards

The HMRC standard for agents (the standard) can be found on GOV.UK at: tinyurl.com/38juevtw.

Each quarter, we will publish a list of changes in which the CIOT was instrumental and occasions where the CIOT’s contribution was singled out for recognition by revenue authorities, the government

On Budget day, HMRC published a consultation document relating to their intention to raise standards in the tax advice market, ‘Raising standards in the tax market: strengthening the regulatory fra

Clause 5 of Finance (No.2) Bill 2023-24 increases, from 6 April 2024:

As all members of CIOT and ATT will be aware, the duty to manage their professional risk is an increasing obligation.