The Public Accounts Committee is considering claims from a whistleblower that the Vodafone tax settlement ‘may have been outside the powers of HMRC’. The claims are reported to relate to estimates of future profits for the years 2011 and 2012 which are alleged to have been included in the settlement in 2010. The contention is that it was beyond HMRC’s powers to include those future estimates.
The whistleblower has also claimed that ‘an agreement that HMRC officials claimed let the US-based bank Goldman Sachs off less than £10m was actually worth about £20m to taxpayers.’
The Public Accounts Committee is considering claims from a whistleblower that the Vodafone tax settlement ‘may have been outside the powers of HMRC’. The claims are reported to relate to estimates of future profits for the years 2011 and 2012 which are alleged to have been included in the settlement in 2010. The contention is that it was beyond HMRC’s powers to include those future estimates.
The whistleblower has also claimed that ‘an agreement that HMRC officials claimed let the US-based bank Goldman Sachs off less than £10m was actually worth about £20m to taxpayers.’
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