Tax avoidance campaigners have been granted permission by the High Court to challenge a deal between HM Revenue & Customs (HMRC) and investment bank Goldman Sachs.
UK Uncut was given leave to challenge the legality of the deal which saw Goldman Sachs avoid paying a multi-million point interest bill on unpaid tax on bonuses, the BBC reports.
UK Uncut alleges £20m in uncollected tax should be returned to the taxpayer from Goldman Sachs. It said HMRC has made a deal with the investment bank over a dispute about National Insurance due on bonuses without requiring the payment of interest, the report explained.
The case will now get a full judicial review.
HMRC said it would strongly contest the allegations.
A spokesman said large business tax settlements were vital to the department securing tax revenues and the country's finances would be "seriously damaged" without them.
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