Revenue withdraws plans to make trustees whistleblowers

The Inland Revenue has withdrawn its call for pensioneer trustees to be burdened with a mandatory obligation to blow the whistle when its required practice rules are broken. The Association of Pensioneer Trustees (APT) is claiming victory after lobbying the Revenue to drop the proposals which were to come into effect as a draft instrument on 6 April 2002, the first day of the coming tax year. According to the APT, had the proposals been implemented, pensioneer trustees would have faced an unacceptable conflict of interest. David Seaton, chairman of the APT, said: 'A whistle-blowing ob...