The incoming Barclays chairman Nigel Higgins is under pressure to crack down on the use of tax avoidance schemes similar to the ones he had previously been involved in.

Labour member of the Treasury committee John Mann called for Higgins to state Barclays position on tax going forward: ‘It would be helpful if the new Barclays chairman would confirm that under his chairmanship Barclays will pay its proper tax and won’t be advising people on these type of scheme.’ he said.

Higgins invested in two film tax schemes whilst being an investment banker at Rothschild & Co. He had been a member of the Film Development Partnership and Eclipse Film Partners for a number of years before the schemes were shut down by the tax authorities, one of which was subject to a criminal investigation.

Miles Dean said:

“Before John Mann comments on whether Barclays will be advising on schemes of this nature, he really ought to conduct a bit of research.

“He would see that the tax avoidance industry has effectively been put down by the introduction of the Disclosure of Tax Avoidance Schemes (DOTAS), Accelerated Payment Notices (APNs) and the courts taking a much more purposive approach to tax legislation.”

Read Miles’ comments in Wealth Manager