Lawyers call for group action against tax avoidance advisers

A number of legal experts called on investors to pool together and launch US-style class action law suits against their advisers, who they said, had failed to advise their clients of the risks of investing in such schemes. HMRC started to clamp down aggressively on schemes it deemed to have been designed specifically to avoid tax in the last year. New powers allowed it to demand upfront payment of disputed tax from investors, which cannot be appealed against, meaning investors targeted by the tax office were put under pressure to find large sums of money quickly. Lawyers told the F...