The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns that provisions included in the Finance Bill 2025–26 are drafted too broadly and could have unintended consequences for tax advisers. The legislation expands the dishonest conduct rules for tax agents, introducing penalties where actions are taken with the intention of reducing tax revenue. It also creates a new strict liability criminal offence for promoting arrangements deemed to have no reasonable chance of success. ICAEW has criticised the lack of public consultation and warned that the proposals could increase both the cost and complexity of providing professional tax advice.
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