From www.accountingweb.co.uk: (UK context) HMRC plans to introduce stricter penalties and enhanced investigation powers for dishonest tax advisers, potentially imposing fines of up to £50,000 and facilitating public disclosures of misconduct.

Consultations aim to address the growing tax gap and improve oversight of the approximately 85,000 tax advice firms, particularly targeting those undermining compliance.

Proposed measures include streamlined information requests and increased financial penalties tied to tax losses, which may spark controversy among tax advisers regarding the extent of HMRC’s authority.