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'Millions at risk' over HMRC's costly errors

Tax chiefs faced a mauling by MPs yesterday for bending rules to do favours for big firms at a cost of millions to the payer then hiding the details from a watchdog.

Calling for senior officials to face punishment for costly errors and failures, the public accounts committee warned millions more were at risk unless procedures were tightened. Its report called for safeguards be put in place to avoid the impression that HM Revenue and Customs enjoyed an "unduly cosy" relationship with major companies.