CONSULT.Outcome publishedConsultation · gov.uk

Raising standards in the tax advice market

We welcome views on the proposal that everyone who provides tax advice should hold professional indemnity insurance, as well as views on a definition of tax advice.

Last fetched 03 May 2026 · gov.uk

Detail

This consultation seeks views on:

proposals to introduce a requirement for tax advisers to hold professional indemnity insurance, including minimum levels of cover, and how the policy could be enforced and implemented
a definition of tax advice

This will be of most interest to:

anyone who provides or receives tax advice, or offers services to third parties to assist compliance with HMRC requirements
the insurance industry
providers of tax and accounting software

Documents

Raising standards in the tax advice market: professional indemnity insurance and defining tax advice application/pdf Raising standards in the tax advice market: professional indemnity insurance and defining tax advice (open document format)application/vnd.oasis.opendocument.text Raising standards in the tax advice market: professional indemnity insurance and defining tax advice - summary of responses (open document format)application/vnd.oasis.opendocument.text Raising standards in the tax advice market: professional indemnity insurance and defining tax advice - summary of responsesapplication/pdf