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Tax advisers under scrutiny

The Liberal Democrats are considering plans to require accountants and lawyers undertaking government work to prove that their tax arrangements are ‘in order’, according to The Times.

The Liberal Democrats are considering plans to require accountants and lawyers undertaking government work to prove that their tax arrangements are ‘in order’ according to The Times.

The paper quoted Lord Oakeshott Liberal Democrat Treasury spokesman in the House of Lords as saying: ‘I get persistent reports from the heart of the City about leading accountancy and law firms using highly artificial [avoidance] schemes to turn partners’ income into capital to dodge tax. No one has owned up to doing it themselves but they are happy to point the finger at their rivals.’

Lord Oakeshott was reported to be ‘planning to raise the issue of making the Government vet tax and legal partners before awarding them taxpayer-funded business’.

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