The previous government announced proposals for the regulation of tax advisers in the Spring 2024 Budget to rule out what they called “incompetent advisers” operating in the market. Rachel Reeves has confirmed the new Labour government’s commitment to mandating registration of Tax Practitioners starting from April 2026.
The M+A Partners Team are strongly supportive of this announcement and we will keep you updated on what this means for our team and our clients’ affairs when more details are known.