Belonging to a supportive organisation like STEP come into its own in such difficult times

Denese MolyneuxWhen writing this blog, usually the first thing I do is to refer to my previous one I posted to comment or update England and Wales members on items mentioned. Not this time.

The worldwide COVID-19 pandemic has affected everyone, whether they have contracted the virus or not. It is in such circumstances that the benefits of being a member of a supportive organisation really come into their own.

Mark Walley and the team at STEP Head Office are to be congratulated on keeping things on an even keel throughout this period of immense upheaval. While managing the logistics of moving to home working, the staff have pulled together resources to help members keep fully updated, starting with the COVID-19 Technical Hub on the STEP website. After that there are any number of links to new information, from holding virtual meetings; changes to examinations; rescheduled conferences; maintaining CPD and just about any other subject of relevance. The Communications team has excelled itself in managing the STEP online offering to best support the membership.

Life goes on and in other non-COVID news, The All Party Parliamentary Group for Inheritance Tax and Intergenerational Fairness was launched on 28 January to positive media coverage. STEP’s involvement with this initiative has served to enhance our reputation and strengthened stakeholder relationships in this vital area.

The Legal Services Board is currently reviewing how to ensure that legal professionals remain competent throughout their careers. The call for evidence deadline has been extended to 26 June, and STEP will be making a submission to that review.

HMRC is keen to raise standards in the tax advice market and has called for evidence to support the UK Government’s crackdown on promoters of tax avoidance schemes. It is also conducting a review to give taxpayers assurance that advice received from professionals is reliable. Again STEP will be giving a response.

As we emerge from the unusual circumstances in which we find ourselves it will be interesting to see which parts of our lives revert to existence pre-COVID. By the time of my next blog in December, I hope we will have had the England and Wales Branch Chairs Assembly – maybe via video conference. I look forward to hearing your own experiences and sharing some new, and quite probably unforeseen, best practice.

 

Denese Molyneux TEP, Chair, STEP England and Wales Regional Committee

A look back at 2019 in STEP England and Wales

Denese MolyneuxI’ve learned much in my first year as Chair of STEP England and Wales. The most impressive thing I’ve seen remains something that I already knew existed; the passion and dedication of our members.

The E&W Committee are looking at how we can increase support at a local level. Getting new members involved remains the lifeblood of the Society. Those attending STEP’s global Branch Chairs’ Assembly recently will have heard the inspirational Tiger de Souza, Director of Volunteering at The National Trust, giving us an insight into increasing volunteer participation. I’m sure many will be implementing the lessons we learned from him.

2019 has been another year of significant policy developments. The planned increase in probate fees didn’t happen. This was due, in large part, to work done by STEP’s policy and communications teams and E&W former Chair Rita Bhargava TEP, whose persuasive arguments convinced the government to think again.

Many of our UK Practice Committee members’ terms are coming to an end shortly. We’re delighted that they have joined the new UK Advisory Group, which will replace the current committee. This will allow E&W to retain access to their collective knowledge, experience and capability for drafting the articles, practice notes and briefings that many of us have referenced over the years.

The UK Technical Committee, has continued to keep pace with changes to tax and legislation proposed by the government. Led by Robin Vos TEP, this committee has responded to a number of consultations on behalf of STEP. We’re lucky to have them overseeing the interests of our members and the public at large.

E&W Committee has been looking at embedding our standards for tax planning into our everyday practice. STEP’s Professional Standards committee are developing a toolkit that will enable you to demonstrate your compliance with these high standards. The first annual report, Professional Conduct in Relation to Tax, has been drafted and will be published imminently.

In September, Professor Stephen Mayson published his interim report regarding the review of legal services regulation in England and Wales. STEP has considered the proposals and Amanda Simmonds TEP and Rita Bhargava will be responding to the consultation on our behalf.

It’s been a good year for STEP, with 2020 shaping up with more exciting things to come. My thanks to Mark Walley and the STEP staff for all their hard work, as well as to the members of the E&W Committee.  Most of all, thanks to all the Society’s members and volunteers throughout E&W, without whom there would be no STEP. I look forward to meeting as many of you as I can throughout 2020.

 

Denese Molyneux TEP, Chair, STEP England and Wales Regional Committee

What’s happening in England and Wales?

Denese MolyneuxMy tenure as Chair of STEP’s England and Wales Regional Committee began in January and I would like to thank Rita Bhargava TEP for being such a hard act to follow. January also heralded the arrival of STEP’s new Chief Executive, Mark Walley. Mark has been quick to get his feet under the table and has ambitions to move STEP forward while keeping the organisation true to both its mission and vision.

The last England and Wales committee meeting pinpointed the areas that the committee felt warranted the most attention: raising the profile of TEPs in the public eye; education, career development and networking; educating professionals; and influencing government/policymakers. We are working on a plan to support and input into further work in these areas over the next year.

As detailed in Rita Bhargava’s blog in December, much has been done in recent years to raise the profile of TEPs in the public eye.  STEP’s Communications Team continue their sterling work with the ‘Talk to a TEP’ campaign and public-facing website, advisingfamilies.org, which continues to receive over 1,000 TEP searches a month.

The mammoth job of upgrading the STEP website is underway. The update will include a new member area, and a full site redesign, which should lead to big improvements and help you find exactly what you are looking for. The new site should be with us by January 2020.

The probate fees issue rumbles on. Rita Bhargava and STEP’s Policy Team have been leading the charge. Despite their best efforts, the government was, until very recently, pushing ahead with the Order. With recent political events, however, this is all looking a little less certain than before, and seems unlikely to come in much before the end of the year, and there is some speculation that, due to its unpopularity, it might not happen at all…  You can keep up with developments on the STEP Blog as they happen.

The EU Fifth Anti-Money Laundering Directive (5AMLD) is under consultation by the Treasury.  It is to the credit of our technical and policy team that they have pulled together such a comprehensive response to this consultation, and in addition have organised two roundtables with a number of senior industry practitioners to discuss the impact of the Directive in the UK. Watch this space for updates as they happen.

A hearing for the All-Party Parliamentary Group on Inheritance and Intergenerational Fairness was attended by a delegation from STEP in April. This APPG has held a series of hearings, some of which have helped inform recent recommendations in this area from the Office of Tax Simplification (see blog). We are hoping for more fundamental changes in this area, however, and look forward to recommendations from the APPG later this year.

And our Professional Development Team has a number of plans for the next year, not least the introduction of more flexible diplomas, enabling practitioners to tailor their STEP Diploma to better suit their specialisms.

Since joining the England and Wales committee six years ago, I have been constantly in awe of the amount of work that goes on behind the scenes, undertaken by committee members and the Head Office team, a fraction of which I have reported above. It is a pleasure and a privilege to work alongside so many dedicated professionals.

I look forward to updating you with further blog postings during my time as chair.

Denese Molyneux TEP, Chair, STEP England and Wales Regional Committee