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.
Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion
Top 50+50: Demand for tax advisory services remains high, but fee pressure is expected in relation to compliance services
The demand for tax advisory services remains high and this looks to continue; but fee pressure is expected in relation to compliance services as the “Making Tax Digital” initiative is rolled out,
While some resistance to change is to be expected, the degree of controversy surrounding HMRC's Making Tax Digital proposals has surprised the government
Kevin Reed discusses the worrying findings from HMRC on micro-businesses' problems handling Real-Time Information, and the latest thoughts on how accountants can provide value-added services