{"id":55911,"date":"2015-03-26T11:13:30","date_gmt":"2015-03-26T11:13:30","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=0a60cb373ce367e410870998378e2a35"},"modified":"2015-03-26T11:13:30","modified_gmt":"2015-03-26T11:13:30","slug":"hmrc-too-cosy-with-big-advisers","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=55911","title":{"rendered":"HMRC \u201ctoo cosy\u201d with big advisers"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<p>MPs have expressed concerns about the closeness of the relationship between HMRC and leading tax advisers and their multinational clients that are too often given leeway to avoid paying tax.<\/p>\n<p>&#13;<\/p>\n<p>The first of two new, strongly worded reports published today by the cross-party Public Accounts Committee (PAC) claims the Revenue\u2019s affiliation with large accounting businesses is \u201ctoo cosy\u201d.<\/p>\n<p>&#13;<\/p>\n<p>The PAC recommended last month that the Revenue take a more active role in challenging the advice given by big accountancies to multinational clients \u2013 but the department rejected the assertion, along with suggestion for a new code of conduct for advisers intended to clampdown on the promotion of abusive tax planning.<\/p>\n<p>&#13;<\/p>\n<p>The report, <em><strong><a href=\"http:\/\/www.publications.parliament.uk\/pa\/cm201415\/cmselect\/cmpubacc\/974\/974.pdf\" >Improving Tax Collection<\/a><\/strong><\/em>, urges the department to reconsider its response, and reiterates the previously aired concern that some multinationals do not &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<p>MPs have expressed concerns about the closeness of the relationship between HMRC and leading tax advisers and their multinational clients that are too often given leeway to avoid paying tax.<\/p>\n<p>The first of two new, strongly worded reports published today by the cross-party Public Accounts Committee (PAC) claims the Revenue&rsquo;s affiliation with large accounting businesses is &ldquo;too cosy&rdquo;.<\/p>\n<p>The PAC recommended last month that the Revenue take a more active role in challenging the advice given by big accountancies to multinational clients &ndash; but the department rejected the assertion, along with suggestion for a new code of conduct for advisers intended to clampdown on the promotion of abusive tax planning.<\/p>\n<p>The report, <em><strong><a href=\"http:\/\/www.publications.parliament.uk\/pa\/cm201415\/cmselect\/cmpubacc\/974\/974.pdf\" target=\"_blank\">Improving Tax Collection<\/a><\/strong><\/em>, urges the department to reconsider its response, and reiterates the previously aired concern that some multinationals do not &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/55911"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55911"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/55911\/revisions"}],"predecessor-version":[{"id":56360,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/55911\/revisions\/56360"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}