TaxCorporate TaxJudge lined up to investigate HMRC settlements

Judge lined up to investigate HMRC settlements

NAO to ask judge to review ten delas between HMRC and big companies

A JUDGE is to investigate a series of deals made between HM Revenue & Customs and big companies.

A Public Accounts Committee report to be published next week will criticise the tax-man for losing up to £5bn through systematic management errors when agreeing the deals, it has been reported.

The committee has asked the National Audit Office to review ten specific deals agreed by HMRC, including those involving Goldman Sachs and Vodafone. The NAO has asked former judge Sir Andrew Park to help with the investigations, the Telegraph has reported.

The PAC report will question why senior officials were able to negotiate and then independently sign off the deals.

The NAO inquiry will not have the power to extract further payments from the companies.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

8m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

10m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

11m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

1y Shereen Ali, Deputy Editor
Tax fraud loses HMRC £16bn

Corporate Tax Tax fraud loses HMRC £16bn

1y 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

1y Accountancy Age editorial