HMRC launches tax advisor register checker tool
HMRC has launched a new online tool allowing taxpayers to check whether their tax advisor is registered with it. The checker has been introduced shortly before new standards for tax advisors come into force. What does this mean for taxpayers and agents?
The new service enables taxpayers to confirm whether a tax advisor or agent is recognised by HMRC and authorised to deal with tax matters on behalf of clients. The move forms part of HMRC’s wider efforts to improve standards in the tax advice market and reduce the risk of taxpayers dealing with unauthorised or non-compliant advisors. The timing is notable. The checker has been introduced shortly before the rollout of new requirements affecting tax agents, including increased scrutiny of agent activity and stronger expectations around professional standards and compliance.
For taxpayers, the tool is intended to provide an additional level of reassurance before appointing an advisor. HMRC has increasingly warned about the risks of using unregulated agents, particularly in areas such as repayment claims and tax avoidance arrangements. For advisors, the launch signals a continued move towards greater transparency and oversight of the tax advice market. Firms should ensure their HMRC agent credentials and authorisations are up to date, particularly where clients may begin using the new checker before appointing an advisor.
Related Topics
-
Do dividend waivers still work?
You need to take a dividend from your company but there’s just one problem. Your business partner, who is also a 50% shareholder, doesn’t want to take any more income from the company during this tax year. What’s the solution?
-
Save tax by combining directors’ loan accounts
You started a company last year and it’s time to prepare its first accounts. Your director’s loan account (DLA) is in credit but your spouse’s is overdrawn. Might amalgamating the DLAs avoid or reduce a tax charge?
-
Updated guidance on mandatory payrolling of benefits in kind
Much like the rollout of mandatory payrolling of benefits in kind, HMRC guidance on the matter is coming in dribs and drabs. What's the latest?