BIG FOUR tax partners are to appear before the Public Accounts Committee as it continues its investigations into tax avoidance.
Witnesses from PwC, Deloitte, KPMG and Ernst & Young will appear on 31 January and will include KPMG’s UK head of tax Jane McCormack, Deloitte’s head of tax policy Bill Dodwell, PwC’s head of tax Kevin Nicholson and E&Y’s head of tax policy John Dixon.
Last year, the committee condemned multinational companies – including Amazon, Google and Starbucks – for using transfer pricing arrangements to dramatically reduce their UK tax bills, while also criticising HM Revenue & Customs for “not taking sufficiently aggressive action to assess and collect the appropriate amount of corporation tax from these multinationals”.
Committee chairwoman and Labour MP Margaret Hodge has been particularly scathing, accusing HMRC of “lacking clarity” in its approach to enforcing the corporation tax regime and branding the multinationals as “immoral” for using tax avoidance arrangements.
At HMRC, Dmitri Surendran was responsible for leading the London team of the offshore, corporate and wealthy unit of the fraud investigation service
Research also finds that 84% of businesses believe that the government has not provided enough information about digital tax plans
A total of £16bn was lost through tax fraud last year, according to estimates released by Pinsent Masons
Additional tax a result of compliance investigations by HMRC, but overall revenue falls