Professional Conduct in Relation to Taxation (PCRT)

PCRT sets out the principles and standards of behaviour that all members and students must follow in their tax work. The latest version came into effect on 1 March 2017 and has now been republished in a digital format designed to make it easier to navigate.

PCRT sets out the principles and standards of behaviour that all members and students must follow in their tax work. It has been updated making it easier to navigate with a new digital structure. This edition is effective from 1 March 2019 and can be found here.

PCRT now consists of the fundamental principles and the standards for tax planning.

PCRT is supported by supplementary help sheets (which replace Parts 3 and 4 of the 2017 edition of PCRT). 

In this latest update, the fundamental principles and standards have not changed. The help sheets represent guidance designed to help members apply the Fundamental Principles and Standards in their tax work.  While not mandatory a member in a disciplinary case may be asked to explain why they did not follow the help sheet guidance.  For example, a case might be brought against a member under the fundamental principle of Integrity. As part of the investigation by the disciplinary body the member could be asked to explain why, as recommended in the ‘Dealing with errors’ help sheet, they had not advised their client to make good the tax underpayment which they had identified in the client’s tax affairs.

From 1st June 2020 PCRT is also supported by topical guidance as follows:

PCRT Webinars

Five fundamental principles of PCRT webinar

Related links

Guidance on the treatment, and corrective action necessary, in relation to errors regarding the coronavirus job retention scheme. Ultimately it is envisaged that it will be included as guidance within PCRT but in the meantime it is issued as standalone guidance for CIOT members. 

Frequently asked questions (FAQs) - practical issues and examples

Frequently asked questions (FAQs) - 2017 changes to PCRT

Letter from Jane Ellison MP to Peter Fanning, Chief Executive on PCRT

Raising standards across the tax profession - report from the PCRT professional bodies

Previous Editions

Professional Conduct in Relation to Taxation effective from 1 March 2017 

Professional Conduct in Relation to Taxation effective from 1 May 2015 

Professional Conduct in Relation to Taxation effective from 24 February 2014 

Professional Conduct in Relation to Taxation effective from 4 January 2011 

Professional Conduct in Relation to Taxation effective from 1 April 2004 

Professional Conduct in Relation to Taxation effective from March 2000 

Professional Conduct in Relation to Taxation effective from Oct 1997 

Professional Conduct in Relation to Taxation effective from Nov 1995