The case is said to have been one of the biggest ever to be brought against a
barrister, Legal Week reports.
The 75 claimants, including Terra Firma chief executive Guy Hands, notified
Justice Briggs they had reached a settlement after confidential negotiations
just before the four-week trial ended last July.
The claim, filed in the High Court in 2006, alleged Shipwright and Baker
Tilly were negligent when advising the claimants about the available tax relief
for investments in film finance schemes.
CIot urges HMRC to consider a delay to the 1 September 2017 introduction of its new corporate offence of failure to prevent the criminal facilitation of tax evasion
The current business rates system is over-complex and reform is needed, but reforms should focus first of all on simplifying the appeals process, particularly for businesses which are subject to business rates exemption
The CIoT has called on the government to rethink its approach to ensuring online sellers pay the correct amount of VAT.
Jane Ellison to serve as 'tax minister' following ministerial responsibilities for public health. David Gauke become chief secretary to the Treasury