HMRC Tax Adviser Registration & Regulatory Framework - Exploring the Implications for Property Lawyers

Introduction

This virtual classroom seminar explores HMRC’s enhanced oversight of tax advisers and the practical implications for property lawyers involved in SDLT and LTT submissions.

The new tax adviser regime introduces wider expectations around compliance, risk management and client interaction. It reflects HMRC’s increasing focus on the regulation of those who interact with the tax system on behalf of clients.

This course explains what residential conveyancers need to know about HMRC registration, including the scope of the regime, broader compliance expectations, HMRC’s enforcement powers and practical strategies to manage regulatory risk.

Through illustrative scenarios, delegates will gain a clear understanding of how to maintain professional standards and minimise potential issues with HMRC, without providing tax advice.

What You Will Learn

This live and interactive course will cover the following:

• HMRC Tax Adviser Registration - What constitutes ‘interaction’ with HMRC, who must register (including firms and relevant individuals) and the circumstances in which registration may be refused
• HMRC powers - HMRC’s monitoring and information-gathering powers in relation to registered tax advisers
• Sanctions framework - The range of sanctions available to HMRC in response to conduct that may facilitate or result in a loss of tax revenue
• Enforcement and escalation - The processes HMRC may follow where concerns arise regarding conduct, competence or compliance standards
• Appealable decisions - Which HMRC decisions are subject to challenge and the available routes of appeal or review
• Risk management in practice - Consideration of whether and when to outsource tax-related elements of work (including complex or non-routine matters) and the practical implications of outsourcing, including lender requirements and professional responsibility considerations

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.