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Professional conduct in relation to taxation (PCRT)

ICAEW, along with other leading UK accountancy and tax bodies, published an update to PCRT (Professional Conduct in Relation to Taxation) on 1 November 2016. It supports the key role members play in helping clients and businesses comply with their tax obligations and their broader responsibilities to society.

Download PCRT guidance

Guidance for Professional Conduct in Relation to Taxation (PCRT).

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Key points

  • The guidance has been endorsed by HMRC and sets out clear professional standards in relation to the facilitation and promotion of tax avoidance.
  • The guidance, formally known as Professional Conduct in Relation to Taxation (PCRT), has been in existence for over 20 years and is regularly updated. It sets out the high ethical standards which form the core of the tripartite relationship between tax adviser, client and HMRC.
  • This latest PCRT responds to the Government’s challenge to the professional bodies, made in March 2015, to take a greater lead in setting and enforcing clear professional standards around the facilitation and promotion of tax avoidance.

Further reading

In addition to the report, ICAEW has prepared a set of Q&A's to offer further guidance, and Michael Izza, ICAEW Chief Executive, has shared his views on tax avoidance on his blog.

PCRT webinar

ICAEW Deputy President Nick Parker and ICAEW Investigations Case Manager, Sophie Falcon guide members through the background to the challenge, the changes to the code of practice and what to watch out for in this short webinar.