MPs: Ban 'insider' accountants

A committee of MPs is questioning the relationship between Britain's big four accountancy firms and the Treasury. They say it is "unhealthy" because they can use the information to help clients avoid tax. The Treasury has denied the MPs' report.

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Revenue & Customs 'engaged in battle it cannot win'

  • The committee warned that HM Revenue & Customs was engaged in a "battle it cannot win" in seeking to stem the losses to the Exchequer from tax avoidance.
  • It has far fewer resources than the big four accountancy firms
  • They employ almost 9,000 staff and earn £2 billion a year from their tax work in the UK

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