The
Details of the deal were revealed in a Freedom of Information Act request put in by Legal Week sister title Accountancy Age.
The fee does not appear to have been finalised, with the Treasury saying only that "the contract between Skadden Arps and HM Treasury was valued at $70,000 at the time it was let".
Skadden was appointed – without any tender process – to do the work after fears were raised that the Government's charge would mean
Skadden's opinion said that the charge would be "creditable" against
The Conservative Party this week criticised the payment, arguing it would have been better simply to get agreement from the
Tory MP and shadow financial secretary to the Treasury Mark Hoban told Accountancy Age: "It would be better if we had agreement from the IRS that the charge would be creditable…[We’re] not much further forward despite having spent £35,000 of taxpayers’ money."
Skadden declined to comment.
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