Companies listed in the FTSE 100 were surveyed as well as several large private businesses to calculate their collective tax contribution Yui Mok/PAThe biggest companies in Britain paid a combined £84 billion in tax last year, an increase of more than £1 billion on the previous year, according to PWC. The accounting firm surveyed the “100 group” of finance directors at 97 of the companies listed in the FTSE 100, as well as several large private businesses. It found that the group, which collectively employs about two million people, was responsible for 12 per cent of total UK tax receipts last year. Large businesses are facing heightened scrutiny over their tax payments and strategies after a public backlash over concerns that some multinationals, such as Google, Amazon and Starbucks, have been avoiding paying tax in full on their British sales. HM Revenue & Customs has come under…

Source: The Times December 12, 2018 00:06 UTC