Baker Tilly faces negligence claim
Claimants allege the firm was negligent in its advice concerning tax relief on investments in film finance.
Claimants allege the firm was negligent in its advice concerning tax relief on investments in film finance.
Baker Tilly is facing a negligence claim worth £22m for advice given about
the availability of tax relief on investments in film finance schemes.
A total of 75 claimants have brought the claim, filed in the High court in
2006, against tax specialist Adrian Shipwright of Pump Court Tax Chambers and
Baker Tilly for advice they gave the claimants, which include Terra Firma chief
executive Guy Hands,
Legal
Week reported.
Baker Tilly is being advised by Barlows’ newly-appointed senior partner
Simon Konsta, with Four New Square’s Justin Fenwick QC and David Turner
instructed as counsel.
The case is set to go to trial for four weeks at the end of June after talks
between the parties are thought to have failed.
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article