Budget  

Government to crackdown on tax avoidance

She added: "As the government’s focus remains on tackling non-compliance, corporates should expect their tax affairs to be subject to greater scrutiny, not necessarily because they have done anything wrong but because their affairs are complicated.

"The climate for achieving settlements with HMRC is likely to remain difficult given the government’s target for collecting an additional £2bn revenue through its package of measures designed to counter tax non-compliance.”

victoria.ticha@ft.com