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HMRC head made a mistake and made £1.7m

11 Dec

From: http://www.guardian.co.uk/politics/2011/dec/09/revenue-chief-retires-goldman-sachs

Emphasis in red are mine

” The head of Revenue & Customs is to retire in the wake of revelations about his organisation’s decisions to waive millions of pounds owed by corporations.

Dave Hartnett, 60, will step down as the permanent secretary for tax next summer, a spokesman said . He will leave with a pension pot worth £1.7m.

Hartnett has admitted that his organisation made “a mistake” when he shook hands on a deal to excuse the US bank Goldman Sachs from paying around £10m in interest charges. His organisation has also been accused of allowing Vodafone off interest charges of more than £1bn. ”

” In September 2010, Hartnett was criticised for refusing to apologise for the scandal that saw millions of people asked for backdated tax after his department failed to collect tax correctly. He told BBC Radio 4: “I‘m not sure a need to apologise … We didn’t get it wrong.” He later issued an unreserved apology. “

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