HMRC has written to former clients of Christopher Lunn and Co threatening “criminal investigations” and raising settlements under section 29 of the Taxes Management Act 1970 if they do not provide a full disclosure.
AccountingWEB has been approached with one of the letters sent to ex-CL clients, which reads:
"In order for HMRC to consider your tax position I request that you provide me with a full written disclosure of all omissions and understatements of income gains together with details of incorrect claims for deductions, allowances and reliefs.”
HMRC has threatened it could pass these cases on to the criminal investigation team to identify potential irregularities into tax returns that may give rise to additional tax liabilities and penalty charges.
What is the Revenue doing with Operation Edgewood? The last time we heard about Edgewood was in May last year.
What have AccountingWEB members done to protect their clients?
Have other accountants arranged a settlement, resisted and challenged the request, and is anyone saying this is illegal?