Legislation – Finance Act 2026
Changes to legislation:
Finance Act 2026, Section 227 is up to date with all changes known to be in force on or before 17 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Section 227:
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Pt. 15 excluded by S.I. 2026/331 reg. 19
Part 7Tax advisers
Chapter 1Registration
Application process
227Registration conditions
(1)
A reference in this Chapter to the registration conditions is to the following three conditions.
(2)
The first registration condition is that the tax adviser and, if the adviser is an organisation, each of the adviser’s relevant individuals—
(a)
does not have a relevant amount overdue or a relevant return outstanding,
(b)
is not subject to a decision by HMRC to refuse to deal with them,
(c)
is not subject to a relevant anti-avoidance measure,
(d)
has not, in the previous 12 months, had a relevant anti-avoidance penalty imposed on them,
(e)
is not subject to a relevant suspension or a relevant ineligibility order,
(f)
is not disqualified under the directors disqualification legislation or subject to a similar disqualification in a territory outside the United Kingdom,
(g)
does not have an insolvency practitioner acting in relation to them, and
(h)
does not have an unspent conviction for a relevant offence (see section 229 (offences)).
(3)
The second registration condition is that the adviser—
(a)
is registered with a supervisory authority for the purposes of anti-money laundering supervision, or
(b)
meets such conditions about applying to register with a supervisory authority for those purposes as may be specified in a notice published by HMRC.
(4)
The third registration condition is that, if the adviser is an organisation within section 226(2)(b) (organisations with six or more officers etc), the adviser has nominated as many officers to be relevant individuals as are necessary to ensure that the adviser has at least five relevant individuals who are officers.