Chapter 1 : introduction to professional rules and practice guide guidelines

Question 1

What is a ‘ Member in practice’ ?

Answer 1

A member (or student) who provides taxation services full or part time and is either:
- A sole practitioner
- A partner
- A proprietor of a unincorporated body
- A director
- An employee (with 5% or more capital)

Question 2

What is the TDB?

Answer 2

Taxation Disciplinary Board

Question 3

What does PRPG stand for?

Answer 3

Professional rules and practice guidelines

Question 4

What is an ADIT affiliate?

Answer 4

An international tax affiliate of the CIOT

Question 5

Who is the principal?

Answer 5

A director of a firm
A partner
A sole practitioner

Question 6

Are the TDB separate to the CIOT/ATT

Answer 6

Yes

Question 7

Who are the PRPG designed to protect?

Answer 7

Its members and the public

Question 8

What do members owe their clients, employers, employees, partners, co-directors and generally?

Answer 8

A duty of care to act with reasonable care and skill, honesty, integrity, impartiality and professionalism