There has been a spate of professional negligence claims against the promoters of tax avoidance schemes after a clampdown on "aggressive" avoidance by HMRC, according to legal and accountancy experts.
According to law firm RPC, the claims are made by individuals that 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. Those being sued include "boutique" tax advisory firms, accountancy firms and financial advisers, RPC said.
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.