MPs to investigate tax avoidance need the right advice

Posted on

The Guardian has reported this morning that:

Tax avoiders’ accountants face being forced to give evidence before MPs after a Commons committee announced a series of inquiries in the wake of the Panama and Paradise Papers investigations.

A subcommittee of the Treasury select committee will investigate tax avoidance and evasion, as well as whether HMRC offers “sweetheart deals” to multinationals, while the main committee holds an inquiry into VAT policy.

A series of hearings on tax abuse, examining the practices of major accountancy firms, individual tax avoiders and evaders and the use of the UK’s crown dependencies and overseas territories, will be heard over the next six months.

I know a bit about how such committees work, having worked with several. Good preparation is key.

I hope this committee gets the support it needs.

We need it to do a good job.