A1.804 Conflicting duties

A1.804 Conflicting duties

Again in the context of giving proper consideration to exactly for whom he is acting, and to whom he owes a duty of care, the tax adviser should consider whether his actions or advice might adversely affect another client, in which event, to avoid a conflict of interests or of the duties he owes to more than one client, it may be appropriate for him either to withdraw from acting altogether or to recommend that one or more of the parties seek independent advice. Reference should be made to relevant professional guidance on conflicts of interest and duty.

Where there is a potential conflict, it may be possible to act for both clients with their informed consent. In Simpson v Harwood Hutton1, the

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial