PracticeAccounting FirmsTreasury reveals level of Big Four secondments

Treasury reveals level of Big Four secondments

In the three years 2012 to 2014, Big Four provided just eight people on secondment to the Treasury

Treasury reveals level of Big Four secondments

THE TREASURY has revealed the extent to which it uses secondments from the Big Four, quashing claims the firms hold an “undue influence” over the formation of tax laws and policy.

In response to a request under the Freedom of Information Act 2000, the Treasury revealed that, in the three years 2012 to 2014, the Big Four firms provided just eight people on one- to two-year secondments working for senior policy advisers.

The Treasury said staff currently on secondment work in a range of areas including the Business and International Tax Group and the Office of Tax Simplification.

“As has been the case with successive administrations, the Treasury benefits from secondments into and out of the Treasury from a variety of organisations, including private sector institutions, in order to gain expertise for a period and to allow Treasury officials to benefit from a diverse range of experience by being seconded to other organisations in return,” it said.

The Public Accounts Committee had previously claimed that the secondment of Big Four staff was allowing the firms to advise clients on how best to exploit loopholes to drive down their bills.

“The close relationship that the four firms enjoy with government creates a perception that they wield undue influence on the tax system which they use to their advantage,” the PAC said.

Based on those findings, it recommended a consultation on rules banning tax-avoiding firms from winning government contracts be extended to include companies providing tax advice. The Treasury said such a move would be “absurd”.

Between 2012 and 2014, Deloitte and PwC each provided three members of staff to the Treasury, while KPMG and EY provided one each.

Related Articles

Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

2w Alia Shoaib, Reporter
Are you prepared for the £1 changeover?

Accounting Firms Are you prepared for the £1 changeover?

3m Alia Shoaib, Reporter
Friday Afternoon Live: Discussing the aims and intent of Connolly-driven CogitalGroup

Accounting Firms Friday Afternoon Live: Discussing the aims and intent of Connolly-driven CogitalGroup

1y Kevin Reed, Writer
How accountancy firms are responding to Brexit

Accounting Firms How accountancy firms are responding to Brexit

1y Michelle Pery
PwC expands return to work scheme

Accounting Firms PwC expands return to work scheme

1y Richard Crump, Writer
Leader: Why Connolly's new venture is unlikely to chase Big Four; or follow failed consolidator model

Accounting Firms Leader: Why Connolly's new venture is unlikely to chase Big Four; or follow failed consolidator model

1y Kevin Reed, Writer
Former Deloitte boss and HgCapital launch CogitalGroup

Accounting Firms Former Deloitte boss and HgCapital launch CogitalGroup

1y Richard Crump, Writer
Former Deloitte boss John Connolly plots 'rival' to Big Four

Accounting Firms Former Deloitte boss John Connolly plots 'rival' to Big Four

1y Richard Crump, Writer