Lord Ouseley – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Ouseley on 2016-01-18.

To ask Her Majesty’s Government what measures exist, or are planned, to ensure that audit and accountancy firms accused of devising unlawful tax-avoidance schemes are investigated and censured, where appropriate.

Lord O’Neill of Gatley

In the March 2015 Budget, the Government challenged the accountancy and tax professional bodies to improve how they deal with their members who promote tax-avoidance schemes.

The professional bodies have responded positively to this challenge and are working with HM Revenue and Customs to agree a new standard with which their members will need to adhere to.