UK HMRC has launched a public consultation on Raising standards in the tax advice market – strengthening the regulatory framework and improving registration. The consultation closes at 11:59 pm on 29 May 2024. --- Summary Subject of this consultation This consultation discusses the government's intention to raise standards in the tax advice market through a strengthened regulatory framework. It sets out the 3 possible approaches to strengthening the framework: mandatory membership of a recognised professional body, joint HM Revenue and Customs (HMRC) – industry enforcement, and regulation by a separate statutory government body. The consultation also explores approaches to strengthen...