The Revenue denied Sir Nick’s job was under threat, following a report in the Mail on Sunday which said Sir Nick could be sacked.
The Sunday paper said a Treasury Select Committee report, due to be issued this week, would criticise some senior Revenue figures as well as certain management failures, over the sale of 600 Revenue properties to Bermuda-based company, Mapeley Steps Ltd late last year.
The sale raised £220m and took advantage of tax avoidance schemes similar to the ones Montague has lambasted UK plc for using.
But the Revenue said Sir Nick had already ‘apologised’ over the affair. A spokesman told AccountancyAge.com: ‘Sir Nick will not be moving from his post,’
Furthermore, a spokeswoman for the Treasury Select Committee told AccountancyAge.com that it had not yet decided whether to release the report, and that a decision would be made later today.
IR35 employment status tax rules may result in workers losing part of their income, says professional body
Committee expresses concern about costs to businesses and April 2018 implementation date
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance