In conversation... Tax and the Public Accounts Committee

Speed read

Claims from a whistleblower in December 2011 heralded a change in approach by the PAC, with a move from examining public expenditure to ‘policing’ tax.
The PAC can require witnesses within the UK jurisdiction to attend hearings. Witnesses should ensure they are well prepared and stick to the facts.
Companies increasingly recognise that they need to communicate their tax policies with the wider public.
There are some concerns that the PAC is overstepping its remit and that the message from the PAC is undermining investment in the UK.

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Speed read

Claims from a whistleblower in December 2011 heralded a change in approach by the PAC, with a move from examining public expenditure to ‘policing’ tax.
The PAC can require witnesses within the UK jurisdiction to attend hearings. Witnesses should ensure they are well prepared and stick to the facts.
Companies increasingly recognise that they need to communicate their tax policies with the wider public.
There are some concerns that the PAC is overstepping its remit and that the message from the PAC is undermining investment in the UK.

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: