A spate of professional negligence claims have been lodged against the promoters of tax avoidance schemes - including advisers - following a clampdown by HM Revenue & Customs (HMRC), according to Reynolds Porter Chamberlain (RPC), the City law firm.
The claims are being made by individuals who took part in tax avoidance schemes that date from 2005 to 2007, when a lot of schemes were set up that are now being challenged by HMRC. Individuals who have been contacted by HMRC and agreed to pay the disputed taxes and interest are trying to recoup their losses by claiming that their advisers or the scheme's promoter gave them negligent advice in recommending or introducing the scheme to them. Defendants to the claims include boutique tax advisory firms, accountancy firms and financial advisers, according to RPC. Robert Morris, partne...
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