PAC report highlights 'unacceptable level of risk' to economy over Corporation Tax

A report published by the Public Accounts Committee (PAC) today has highlighted what it calls an "unacceptable level of risk" in relation to Corporation Tax receipts.

The PAC report on the Examination of matters in relation to Receipts from Corporation Tax arose from a review carried out by the Comptroller and Auditor General (C&AG) of the factors contributing to the "volatile and highly concentrated nature" of Corporation Tax receipts.