UK Tax Adviser Rules Require Entity-Level Registration of Groups

Financial services and other sectors with complex organizational structures will need to register at an entity level under the UK’s new tax adviser regulatory regime, according to the tax authority.

One entity’s registration doesn’t cover other entities in the same group as part of the new tax adviser registration requirements, His Majesty’s Revenue and Customs said Monday in its internal manual, which serves as detailed guidance for staff.

Under the new regime being implemented in phases since last month, professionals who interact with HMRC on behalf of clients need to register with the tax authority as tax advisers ...