Troup Cleared - Jobs For The Boys

Sir Edward Troup, former permanent secretary at HMRC, has been cleared to start a new part-time role as an external senior tax adviser at management consulting company McKinsey, although he is not permitted to give EU tax administrations Brexit-related advice.

The advisory committee on business appointments (ACOBA) has said that there are ‘some risks under the government’s business appointment rules’ with Troup’s new role at McKinsey.

One concern was that the appointment could be seen as a reward for decisions made in office, particularly as HMRC paid McKinsey £680,000 to help design a Brexit customs arrangement.

However, although Troup had some official contact with McKinsey while at HMRC, he was not involved with McKinsey regarding any paid advice that the business provided to HMRC. He also had no influence in contract letting or contract management as this was down to CEO Jon Thompson.

Therefore, the committee concluded that Troup’s new role was not a reward for decisions made while in office.

As per Accountancy Daily, the committee has allowed Troup to start the new role as long as the following conditions are met for two years from his last day in Crown service:

• he should not draw on any privileged information available to him from his time in Crown office;
• he should not advise EU tax administrations where that advice would be directly relevant to Brexit-related issues;
• he should not work on UK tax affairs;
• service he should not work directly or indirectly on the tax affairs of McKinsey or any of its clients other than overseas tax administrations;
• he should not work on any matter which involves any dealings with any part of UK government or HMRC:
• he should not provide advice to McKinsey or its partners or clients on a bid or contract relating directly to the work of HMRC; and
• he should not become personally involved in lobbying the government on behalf of McKinsey or its clients.

Troup must also inform the committee if he plans to expand or change his role as he may have to make a new application to the committee.

Troup left HMRC on 15 January 2018.

Working for HMRC can be the springboard to a glittering career! 

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"