Tax Negligence Disputes
FS Legal’s widely renowned tax negligence team has a national reputation in this field having successfully recovered multi-million-pound settlements for clients who have been exposed to negligent tax advice from accountants, tax advisers and financial advisers.
Our team has been ranked as a leading law firm in this field by Legal 500 and Chambers and Partners and are frequently consulted by the specialist press including the Financial Times, the Times, Citywire. We have also worked with the BBC and Channel 4 on Dispatches and Panorama.
We work closely with a number of the ‘big four’ accountancy firms, who recognise our specific expertise and refer their clients to us directly so that we can together meet our clients’ needs by dealing with both HMRC and their former advisers.
Unlike many commercial firms, we do not act for banks, insurers or other large institutions. This allows us to represent clients with disputes against well known high street banks. We act solely on our clients’ behalf with transparency and without the restraints caused by conflicts of interest.
FS Legal have successfully used the Judicial Review process to prevent HMRC from issuing bankruptcy proceedings against participants in tax mitigation schemes. In many cases, HMRC may have opened an enquiry, issued a closure notice, issued a tax demand, an Accelerated Payment Notice (APN), Partner Payment Notice (PPN) or taken other action to recover sums from our clients.
Our team lead cutting-edge and high profile litigation including reported cases which go on to change the case law in this country. In particular FS Legal acted in a £6M claim against tax advisers and accountants arising out of failed tax mitigation schemes which was one of the very first such cases to be brought before the Courts.
The team has a national reputation in acting for investors in tax schemes such as the Eclipse Film Partnerships, Ingenious schemes, Big Screen Productions, Icebreaker, Scion schemes and other similar schemes. We act for a number of high profile sports and media personalities, City figures and well known national corporations.
We have specific experience of a wide variety of tax mitigation schemes including:
- Film Scheme Partnerships:
- Eclipse Film Partners;
- Ingenious Film Partners;
- Big Screen Productions;
- Scion Schemes;
- Employee Beneficiary Trusts (EBTs);
- Employer-Financed Retirement Benefit Schemes (EFURBs);
- Enterprise Investment Schemes (EIS);
- Enterprise Zone Schemes (EZTs);
- Charity Shell Schemes – Gift Aid Relief through the acquisition and gifting of shares in listed shell companies;
- and a wide variety of other similar tax deferral and mitigation schemes.
We provide expert lawyers recommended and recognised as ‘Leading Individuals’ by Chambers & Partners who note the firm’s “pragmatic, practical and efficient approach“ and “determined litigators with a very good sector knowledge.” Legal 500 notes “FS Legal is a firm that punches well above its weight and is particularly strong in the areas of financial services, pensions and tax schemes” adding that the team has “a deservedly good reputation for providing a top-quality, commercial service“.
We understand that, whether it’s a personal or business matter, funding is a key concern. We have a variety of funding options available to seek to remove the risk and cost from our clients. Unlike most firms, we are able to operate around 90% of our cases on a contingent basis.
Because professional negligence cases are intricate and require specialist knowledge, we offer a free, no obligation, and confidential advice service to all our new clients.
To view our press coverage including commentary in the Financial Times, please follow the below links: