Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

FINANCE: Trial tarnishes taxman's image

Wednesday 05 March 1997 19:02 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

A quarter of finance directors have lost faith in the Inland Revenue in the wake of the corruption scandal surrounding the maverick tax investigator Michael Allcock. According to a survey published today, the finance chiefs said the affair was a "poor reflection of the Revenue's management control".

Allcock was jailed for five years at the Old Bailey last month for taking bribes. The former inspector was convicted of six charges of corruption - but cleared of five others. The case has shaken the Revenue to its 300- year-old foundations.

The survey of 200 finance directors, conducted by Accountancy Age magazine and Reed Accountancy Personnel, found a quarter also believed Allcock was "unlikely to be an isolated incident". One said: "It has shattered my respect for their integrity."

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in