TaxCorporate TaxTaxman admits corporate deal blunders

Taxman admits corporate deal blunders

HMRC has admitted governance shortcomings in high-profile settlement cases

HMRC has admitted “governance errors” in the handling of high-profile tax settlement cases.

Head of tax Dave Hartnett (pictured) told a Treasury Select Committee proper policy “was not fully followed”. In one case, a dispute was settled without consulting the whole of the high risk corporate programme board.

Deals with Vodafone and Goldman Sachs sparked widespread public outrage amid reports of the phone company owing £6bn but getting away with a £1.25bn dispute settlement, a figure HMRC called an “urban myth”.

There have also been suggestions that Goldman Sachs avoided more than £10m in tax payments last year, The Guardian reports.

Related Articles

‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

9m Shereen Ali, Deputy Editor
Tax fraud loses HMRC £16bn

Corporate Tax Tax fraud loses HMRC £16bn

10m Emma Smith, Managing Editor
HMRC nets £2.6bn in corporate tax from big businesses

Corporate Tax HMRC nets £2.6bn in corporate tax from big businesses

11m Accountancy Age editorial
Tax crackdown brings in £468m for HMRC

Corporate Tax Tax crackdown brings in £468m for HMRC

11m Accountancy Age editorial
Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

11m Stephanie Wix, Writer