HM REVENUE & CUSTOMS has hit back at claims it spent excessive amounts of government funds in the tax case against Harry Redknapp and Milan Mandaric.
A spokesman said the cost of investigations into former Portsmouth manager Redknapp, owner Mandaric and CEO Peter Storrie, racked up less than £300,000.
“There’s been a lot of nonsense talked about the costs of this investigation to HMRC,” the spokesman said.
“The fact is it’s cost us less then £300,000 and whilst we would rather have won the case the important thing was to get the facts in front of a jury and that’s happened.
“We’re not interested in whether the person has a high public profile, but we are determined that our investigations are carried out professionally – and we’re happy that’s the case here.”
The £300,000 figure does not include Police, Crown Prosecution Costs, which are estimated to be about £1m, and legal fees.
According to the spokesman HMRC has a “net-buy” service with its legal team. The team works on a retainer basis which essentially means it is paid a yearly or half yearly fee regardless of the number of cases they work on. However, HMRC has numerous court cases running at any one time.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy