A working party of respected accounting & taxation professionals has endorsed the ICAEW’s newly issued ‘Professional Conduct in Relation to Taxation’.
I am loyal to my profession but even I have to admit that this sounds a tad “dry” as subject matter goes. It may surprise you then that I am actually looking forward to reading it.
It covers current hot topics including the sometimes-fine-line between planning, avoidance and evasion & how to help clients who wish to “rectify past irregularities”. But, whilst I will be delving into its depths, I wanted to share with you the 5 fundamental principles which should shape your relationship with your tax adviser:
- Professional competence & due care,
- Confidentiality, and
- Professional behaviour.