HMRC 'sweetheart deal' challenged

AOL Money Staff
Goldman Sachs
Goldman Sachs

Tax avoidance campaigners are challenging an alleged "sweetheart" deal between HM Revenue and Customs (HMRC) and Goldman Sachs.

UK Uncut Legal Action are seeking a High Court declaration that an agreement allowing the banking giant to skip a multimillion-pound interest bill on unpaid tax on bonuses was unlawful and in breach of the taxman's own guidelines. They want £20 million allegedly involved to be returned to the public purse.