The FT's reported on yesterday's Parliamentary Accounts Committee hearing on HMRC's handling of tax cases, noting:
More than 4,000 companies are currently under investigation by the tax authorities, senior officials at Revenue & Customs revealed as they faced hours of hostile questioning by MPs over corporate tax avoidance.
Jim Harra, director-general of business tax at the Revenue, said the authorities were investigating the tax affairs of “just over 4,000” companies, although he was unable to say how many of these were large corporates.
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