An ‘industry standard’ in relation to professional behaviour in tax matters is now available.
Professional Conduct in Relation to Taxation (PCRT) is a pan-professional document published by seven leading accountancy and tax bodies. As such, it represents an ‘industry standard’ in relation to professional behaviour in tax matters. You must be familiar – and comply with – PCRT.
The latest PCRT has been updated with a new digital structure to make it easier to navigate and is effective from 1 March 2019.
In this updated version the fundamental principles and the standards have not changed. However, the helpsheets have been reviewed and new criteria established for inclusion, namely that they should provide guidance that supports the fundamental principles and standards that underpin professional conduct, rather than providing general or specific commentary about developments in the tax system that could best be addressed through other guidance outside PCRT.