The Public Accounts Committee is wrong about the loaning of tax advisers to HMRC
KEY POINTS
- The Public Accounts Committee publishes Tax avoidance: the role of large accountancy firms.
- Has the relationship between advisers and clients been misunderstood?
- HMRC’s use of professional secondees is based on mutual benefit.
- Is the present consultation process “fit for purpose”?
- HMRC need to acquire wide commercial knowledge..
The report of the Public Accounts Committee Tax Avoidance: the Role of Large Accountancy Firms (HC870 published on 26 April 2013) is something of a curate’s egg.
Certainly some of the comments made in its six paragraphs of conclusions and recommendations are correct.
Who after all would deny that “the UK tax system is too complex and a more radical approach to simplification is needed”?
Others such as the call for a code of...
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