Barclays forced to repay half a billion in dodged taxes

Barclays Bank must pay back half a billion pounds worth of tax which it had done its best to avoid, the BBC reports.

Barclays Bank must pay back half a billion pounds worth of tax which it had done its best to avoid, the BBC reports.

The banking giant was accused by HM Revenue and Customs of avoiding the £500m in tax by creating and implementing two schemes which have now been closed and must now allegedly pay back the entire sum under new retrospective legislation introduced by the government to put a stop to the "aggressive tax avoidance".

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