HMRC Help large firms avoid tax liabilities

Claims that HMRC credibility is in doubt as they have been accused by MPs of favouring large companies and NOT collecting taxes from them.

The Revenue and Customs have £25 billion in unresolved tax bills.  This is a massive area of tax avoiding which needs to be resolved and more professional approach to insure that this does not happen again and that the larger companies do not get indemnity against the taxes they are due to pay.

We need to consider looking very closely at the accounting firms and senior management at HMRC like Dave Hartnett who is the out going permenant secretary and been highlighted as the main person responsible for the failure at HMRC.  He was also 2named by the public accounts committee.

Other private accounting firms should be aware of claims that could be made against their professional indemnity insurance policies