The settlement came after the taxman threatened court action amid claims that Nissan was shifting profits abroad from its Sunderland plant.
Investigators are now set to target their attention on two other Japanese manufacturers, Honda and Toyota, to pursue similar claims.
The Revenue claims that the car manufacturers’ accounting and transfer pricing techniques have been at the expense of the Exchequer.
Other global companies could follow suit, as the Revenue is on a drive to increase revenues from companies with complex and sophisticated tax operations.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
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