HMRC hunts taxes from directors of Britain's biggest firms

According to Pinsent Masons, HMRC's Large Business Service is investigating directors and senior executives for £400m worth of underpaid taxes - including PAYE, and National Insurance Contributions. This is 43% higher than the £280m under investigation last year. Pinsent Masons says the sharp rise in directors' taxes under the microscope has been driven by the upswing in HMRC compliance activity, as well as investigations into avoidance linked to the 50p tax rate and the temporary special tax on bank bonuses. Jason Collins, partner at Pinsent Masons, says HMRC has increased its foc...