PracticeAccounting FirmsJimmy Carr scheme provider in claim against RSM Tenon

Jimmy Carr scheme provider in claim against RSM Tenon

Peak Performance Accountants makes one of two claims against RSM Tenon over alleged unpaid commissions

A FIRM which provided tax avoidance schemes including the one used by comedian Jimmy Carr is suing RSM Tenon over alleged unpaid commissions.

The dispute with Peak Performance Accountants – which ran the Jersey-based K2 scheme, sheltering £168m annually from the public purse – is one of two claims worth about £2m against Tenon after it closed down its specialist tax unit earlier this year, according to The Times.

The top ten firm disclosed the disputes as it revealed pre-tax losses for the year of £101.8m, with revenues falling 8.8% to £208m for the year ended 30 June 2012.

It added that, having undergone a major board reshuffle, divested several marginal service lines and bringing costs down by about £20m, it had extended its borrowing facilities with its sole lender, Lloyds, until 2014. The limit on the facility now stands at £93m, up from £88m.

“It’s a line in the sand,” chief executive Chris Merry told the publication. “Now we can really start to move forward.”

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