Nicholson is set to be joined by Fearghus Carruthers, head of tax at FTSE 100 pharmaceuticals company Shire, which is headquartered in Ireland.

The session is billed as a follow-up to the earlier hearing into the role of the Big Four accountancy firms in tax avoidance, and the pair is likely to be asked for more information about schemes to channel company funds via Luxembourg in order to cut corporation tax charges.

Discovery of the apparently widespread use of such arrangements has resulted in calls for the resignation of Jean-Claude Juncker, newly elected as European Commission president, since he was prime minister of Luxembourg for almost 20 years during which time the country allegedly struck favourable tax deals with a number of multinationals, highlighted in the publication of the Luxleaks.

PAC first took evidence on tax avoidance from PwC in January 2013 alongside Deloitte, EY and KPMG. Its subsequent report on the role of large accountancy firms noted that the four firms ‘insisted that they no longer sell the type of very aggressive avoidance schemes that they sold ten years ago.

'While this may be the case, we believe they have simply moved to advising on other forms of tax avoidance which are profitable for their clients; such as the complex operating models they offer to major corporate clients to minimise tax by exploiting the lowest international tax rate,’ said PAC.

The committee said in a statement: ‘In light of recent information on tax agreements brokered by PwC between multinational corporations and the Luxembourg tax authorities, the committee have recalled PwC to review that firm’s role in tax avoidance schemes.’

The PAC hearing starts at 3.15pm and can be viewed via this link: http://www.parliamentlive.tv/main/Player.aspx?meetingId=16733