HMRC to raise standard of conduct among tax advisers

The HMRC is set to raise standards among tax advisers after an independent review slammed the "reprehensible" behaviour of some professionals. In an independent review of the loan charge, Sir Amyas Morse, the former head of the National Audit Office, concluded the schemes were a form of tax avoidance but made a series of recommendations about the design of the charge and its impact on those in its scope. The review into the loan charge criticised the conduct of promoters and professional advisers who are continuing to sell loan schemes, despite knowing they will not deliver the tax be...