The taxmans failure to properly pursue the UKs richest people risks undermining confidence in the entire system, according to parliaments spending watchdog.
The Guardian reports that the Public Accounts Committee has concluded that Britains super-rich appear to receive preferential treatment from HM Revenue & Customs.
The MPs report, released this morning, scrutinised HMRCs specialist unit, which collects tax from high net-worth individuals with more than £20 million. It found that the amount of tax paid by this very wealthy group of individuals has actually fallen by £1 billion since the unit was set up in 2009 even as tax receipts rose to £23 billion.
Tesco
Tescos decision to buy Booker Group, the UKs largest food wholesaler, domi…
Read the full article at: http://blogs.spectator.co.uk/2017/01/money-digest-130/