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Press watch: HMRC challenges big business over accounting standards

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The Financial Times has reported (24 February 2014) that HM Revenue & Customs is challenging some of the UK’s biggest businesses over their accounting policies as it steps up its investigations into the potential underpayment of hundreds of millions of pounds of tax.

The tax at stake in disputes over accounting standards jumped 57% to £442m, in the year to July 2013, according to the latest figures released as a result of a freedom of information request.

Issue: 1206
Categories: News , Corporate taxes