RSM Tenon faces legal action over tax business

The group, which this week reported a loss of more than £100m in the 12 months to 30 June and said it had cut some 400 jobs, has received two claims worth £2m. In May, RSM Tenon said it would stop offering products through its Premier Strategies division because government efforts to clamp down on what it perceives as aggressive tax avoidance had made the business too difficult. A report in The Times suggested one claim relates to Peak Performance, which ran a tax avoidance scheme known as K2. A source told the newspaper that the dispute is over commissions for referring clients wh...