Big Four welcomes tax authorities' review
Big Four firms Ernst & Young and PricewaterhouseCoopers have welcomed the announcement of a review of the UK's tax authorities, although E&Y says it may be read as a reaction to recent disasters.
Link: Customs and Revenue face major overhaul
Aidan O’Carroll, E&Y’s national head of tax, said he hoped the review would go ‘beyond the symptoms of operational distress and look at the causes’.
He claimed the review would be read as ‘a political reaction that both departments have had over the sale of their real estate, Customs’ prosecution failures and the Revenue’s extreme difficulties with the introduction of the new tax credits.
John Whiting, tax partner at PwC said the review ‘made sense’, adding that he ‘hoped it would not be a closed door review’.
‘I hope it will invite contributions from those involved. As taxpayers we all have dealings with them.’