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.
The PCRT is written by CIOT and ATT and five other leading UK tax and accountancy bodies. It sets out the ‘Fundamental Principles and Standards for Tax Planning’ and is supported by accompanying application guidance.
PCRT supports the key role members play in helping clients and businesses comply with their tax obligations and their broader responsibilities to society. It applies to all members in practice and in business and also to members dealing with the tax affairs of themselves, or others such as family, friends, charities etc whether or not for payment.
If a member fails to comply with PCRT they may be liable to be subject to disciplinary action.
CIOT has now published the PCRT in a new digital format. A single document now holds the Fundamental Principles and Standards, while the supporting guidance is held on separate webpages with hyperlinks to the main document.
Previous editions can be found below.