Barclays bank
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Government orders Barclays to pay £500m

Barclays Bank has been ordered by the Treasury to pay half-a-billion pounds in tax which it had tried to avoid.

Barclays was accused by HM Revenue and Customs of designing and using two schemes that were intended to avoid substantial amounts of tax.

The bank disputes the figure and has said its tax affairs were entirely legal.

Robert Peston reports.

  • 28 Feb 2012
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