With the tax affairs of so many VIPs once more in the headlines, Andrew Reid and James Hall consider what claims can be brought against the original advisers and what might be done to avoid that happening
Over the last couple of years barely a week seems to have passed without another high-profile exposé that has seen countless footballers and TV personalities named as participators/victims of what were often promised to be ‘guaranteed to work' or even ‘government-backed' tax mitigation schemes. Here we will consider whether, and when, taxpayers involved in such schemes might be able to bring a claim against their original advisers, what the key issues are in such claims, and what current advisers should aim to do to avoid such liability. When tax advice strays from planning to avoidan...
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