Advisers to get Condé Nast windfall
Conditional fee arrangements will mean verdict is a boost to the profession as well as businesses
Advisers could profit from the
Nast ruling, lawyers have suggested, as many have conditional fee
arrangements set up dependent upon it.
‘This litigation has been running for many years. The decision will be
welcomed by the many professional advisers who took a stake in the outcome of
the case by agreeing contingency fees for processing taxpayers’ claims, ‘ said
Jason Collins, partner at McGrigors.
‘This fee income will provide a welcome windfall at a time when the prospects
for professional services in the short term are looking uncertain.’
The House of Lords ruled unanimously in the publishing company’s favour this
morning, in a case over time limits on VAT repayment claims.