ICAEW members have long been asking for an engagement letter that covers the provision of MTD income tax services to clients.
The professional conduct in relation to taxation (PCRT) professional bodies have developed interim guidance on applying professional standards to MTD income tax services. Following that, ICAEW can now share a draft of a new engagement letter schedule for MTD income tax services.
The new draft schedule fits into the current ICAEW engagement letter as an alternative to the personal tax schedule PART 2 E and it is envisaged that it will be called PART 2 E-B. It can be adapted for use by members who have clients who are joining the MTD income tax public beta test.
Please send any comments to Caroline Miskin by 30 June 2025. A final version of the schedule will be included in the next revision of the ICAEW engagement letter.
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