On 25 April 2022, the European Parliament's Permanent Subcommittee on Tax Matters held a hearing on regulation of the provision of tax advice across the European Union. During the hearing, the Commission announced that there will be a public consultation on the broader issue of regulating tax advisers.
A number of the speakers at the hearing mentioned the CFE Tax Advisers Europe discussion paper, Professional Judgment in Tax Planning – An Ethics Quality Bar for All Tax Advisers, which sets out a proposed ethics quality bar for advisers to reflect on when giving advice, or question whether there is manipulation and artificiality in tax planning.
The CFE's Professional Affairs Committee prepared this paper based on its long-standing commitment to high professional standards in tax advice. It aims to stimulate a discussion on how to tackle this problem among all who have an interest in how tax systems function in Europe. ICAEW played a role in the development of this paper.
ICAEW’s Tax Faculty anticipates that the UK government will also launch a consultation on the potential regulation of the UK tax advice market later in 2022. In advance of this, the faculty is reviewing international models for regulation of tax advisers.
ICAEW Know-How from the Tax Faculty
This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.
More support on tax
ICAEW's Tax Faculty provides technical guidance and practical support on tax practice and policy. You can sign up to the Tax Faculty's free enewsletter (TAXwire) which provides weekly updates on developments in tax.Sign up for TAXwireJoin the Tax Faculty
The future of tax after COVID
As digital technologies transform society, the UK government is grappling with balancing the books while ensuring its tax system is fit for purpose. Join us as we take a look at the issues and challenges facing the tax system.Read more
More from the Tax Faculty
Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly enewsletter
Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.
Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.