UK Tax Authority Releases Guidance on Agent Registration Regime

Tax agents with existing accounts representing corporate clients at the UK tax authority will have until November to register under a new regulatory regime, giving them several months to comply with the changes.

The new HMRC guidance is part of the government’s effort to increase tax compliance through higher adviser standards and greater oversight of adviser noncompliance. Tax agents that don’t meet the new registration conditions could be barred from interacting with the tax authority on behalf of clients, according to the guidance issued Tuesday.

Tax agents with self-assessment or corporation tax accounts must begin registering with His Majesty’s ...