Maintaining high professional standards is essential, both for individual accountants and for the profession as a whole. This episode of The Tax Track looks at the importance of protecting your professional reputation and, importantly, what members can do to ensure they get things right in the first place.

Tax is complicated – and constantly changing – so CPD is important, as well as being an integral part of your ICAEW membership. Meanwhile, Professional Conduct in Relation to Taxation (PCRT), prepared jointly by seven professional bodies and associations (including ICAEW) and endorsed by HMRC, sets out the fundamental principles and standards for tax planning that all members, affiliates and students who practise in tax must follow.

Links

• What is Professional Conduct in Relation to Taxation? https://www.icaew.com/insights/tax-news/2025/feb-2025/what-is-professional-conduct-in-relation-to-taxation
• Professional Conduct in Relation to Taxation: a tax perspective on ethics https://www.icaew.com/regulation/regulatory-news/regulatory-news-nov-2024/professional-conduct-in-relation-to-taxation
• ICAEW Regulatory and Conduct Annual Report https://www.icaew.com/regulation/icaew-regulatory-and-conduct-annual-report

Panelists

• Lindsey Wicks, Senior Technical Manager, Tax Policy, ICAEW
• Sophie Wales, Director of Regulatory Policy, ICAEW
• Katherine Ford, Technical Manager, Business Taxation, ICAEW

Producer

Ed Adams

Episode first published: 11 February 2025
Podcast recorded: 25 February 2025