PCRT sets out the principles and standards of behaviour that all members and students must follow in their tax work. It has a digital structure to make it easier to navigate. The current edition is effective from 1 January 2023.This includes some minor editorial changes and can be found here.
PCRT now consists of the fundamental principles and the standards for tax planning.
PCRT is supported by supplementary help sheets (which replace Parts 3 and 4 of the 2017 edition of PCRT).
- PCRT Help sheet A: Submission of tax information and Tax filings
- PCRT Help sheet B: Tax Advice
- PCRT Help sheet C: Dealing with errors
- PCRT Help sheet C2: Dealing with errors - Members in business *New*
- PCRT Help sheet D: Request for data by HMRC
- PCRT Help sheet E: Members’ Personal Tax Affairs
In this latest update, the fundamental principles and standards have not changed. The help sheets represent guidance designed to help members apply the Fundamental Principles and Standards in their tax work. While not mandatory a member in a disciplinary case may be asked to explain why they did not follow the help sheet guidance. For example, a case might be brought against a member under the fundamental principle of Integrity. As part of the investigation by the disciplinary body the member could be asked to explain why, as recommended in the ‘Dealing with errors’ help sheet, they had not advised their client to make good the tax underpayment which they had identified in the client’s tax affairs.
From 1st June 2020 PCRT is also supported by topical guidance as follows:
Coronavirus related guidance
CFE Professional Affairs Committee Professional judgment in tax planning and PCRT
As members of CFE the CIOT have prepared some FAQ on this issue which are available on the CIOT website.
Other PCRT related links
Previous editions of PCRT can be found below:
- Professional Conduct in relation to Taxation 2019
- Professional Conduct in Relation to Taxation 2017
- Professional Conduct in Relation to Taxation 2015
- Professional Conduct in Relation to Taxation 2014
- Professional Conduct in Relation to Taxation 2011
- Professional Conduct in Relation to Taxation 2004
Page last reviewed and updated 17 January 2023