Applying PCRT in Practice - Ethical Decision-Making for Accountants

Introduction

The regulatory and professional environment for accountants and tax advisers has changed significantly in recent years, with increased scrutiny of advisers’ roles in their clients’ tax affairs. Expectations now extend beyond the technical accuracy of advice to include responsibility for how that advice is applied, understood and documented.

There has also been a clear shift away from tax planning that exploits legislative gaps or ambiguities. Advisers are expected to operate in line with both the intention of Parliament and the spirit of the law, placing ethical conduct, professional judgment and reputational risk firmly in focus. As firms increasingly use technology and AI-assisted tools to support research, analysis and client communications, these professional responsibilities remain unchanged, with advisers retaining responsibility for the quality, accuracy and appropriateness of the advice provided.

Professional Conduct in Relation to Taxation (PCRT) provides the framework for meeting these expectations. The updated version, effective from 1 January 2026, reinforces standards around transparency, integrity and ethical decision-making. With new agent registration requirements and increased regulatory oversight, applying PCRT correctly in practice is now essential.

This new live interactive virtual classroom seminar explores the practical application of PCRT, the boundaries of ethical behaviour and how accountants can balance client needs with their professional, regulatory and public interest obligations.

What You Will Learn

This live and interactive session will cover the following:

• The fundamental principles and standards set out in PCRT and how they apply to day-to-day tax work
• The ethical boundaries of tax planning, including what constitutes acceptable planning versus unacceptable arrangements
• The adviser’s responsibilities when clients are at risk of non-compliance or under investigation
• How to apply professional judgment in situations involving reputational risk, uncertainty, client pressure and the use of technology in the advisory process
• How the updated PCRT (effective from 1 January 2026) impacts advisory work and client communications
• Practical steps to protect your professional integrity while delivering effective client advice, including maintaining appropriate oversight of AI-assisted work
• Gain confidence in handling ethical dilemmas and documenting decisions in line with regulatory expectations

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.