A spokesman for the NAO said today that the deal, signed with Mapeley Steps, a company backed by tycoon George Soros and registered in Bermuda, is being monitored but no official investigation was under way.
‘We are keeping a watching brief on the deal. We are, and have been, planning a study. But the decision to go ahead with the study has not been taken yet though.’
Any investigation by the NAO would be aimed primarily at deciding whether the deal is value for money. It might also comment on whether it was appropriate.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year