Former HMRC executive chair receives knighthood
08 January 2018
Former HMRC executive chair and permanent secretary Ed Troup has received a knighthood services to taxpayers and the tax system.
The news in the 2018 New Year’s honours list of the knighthood came just days after the Chartered Institute of Taxation (CIOT) hosted a speech and roundtable discussion with Edward Troup and a small group of senior representatives from the tax profession.
Mr. Troup was speaking ahead of his retirement from HMRC at the end of December 2017 and he talked about how he saw HMRC and the tax profession developing in the future, including his belief that government was likely to be tempted to put further responsibilities on tax advisers in the future.
One possible direction that was noted by the CIOT was segmentation of tax agents, categorising them with different levels of ‘risk rating’, with their clients being scrutinised accordingly.
Read more from the CIOT.