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Accountants to give evidence to MPs over tax avoidance

Tax avoiders’ accountants face being forced to give evidence before MPs after a Commons committee announced a series of inquiries in the wake of the Panama and Paradise Papers investigations.

The Treasury select committee have created a sub-committee that will investigate tax avoidance and evasion, as well as whether HMRC offers “sweetheart deals” to multinationals, while the main committee holds an inquiry into VAT policy.

A series of hearings on tax abuse, examining the practices of major accountancy firms, individual tax avoiders and evaders and the use of the UK’s crown dependencies and overseas territories, will be heard over the next six months.

Full story can be found here

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