Accountancy Service Providers (ASPs): Definition of ASP Activities
The Regulations identify three different types of accountancy service providers:
Accountancy Service Providers is the term used by HMRC for auditors, external accountants and tax advisers:
- Statutory Auditor - any person who is a statutory auditor within the meaning of Part 42 of the Companies Act 2006, when carrying out statutory audit work
- External accountant - any firm or sole practitioner who by way of business provides accountancy services to other persons
- Tax adviser - any firm or sole practitioner who by way of business provides advice about tax affairs of another person.
The regulations apply to people and firms who provide accountancy services by way of business, so an individual employee would not fall within scope by providing accountancy services to their employer. See MLR2R1300.