HMRC under fire for 'extremely wide' definition of tax advice

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Industry experts have warned HMRC of inadvertent damage to the pension advice market and other broader unintended consequences in their responses today (16 June) to the UK tax office's consultation on raising standards in the tax advice market. The Association of Consulting Actuaries (ACA) welcomed the initiative to improve standards but made it clear that this should not be at the expense of inadvertently damaging the pension advice market or the provision of high-quality information to s...

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