Withers is launching a major class action suit aimed at helping investors whose investments in certain tax avoidance schemes have been challenged by HMRC.
“With a repayment deadline of April 2016 looming for many [of these] investors, they are increasingly desperate in their search for effective answers,” Withers said in a statement on Friday announcing the class action, adding that it had “long expected a wave of litigation in this area”.
Withers said litigation partner Roberto Moruzzi is heading up the operation, supported by former HMRC lawyer Tessa Lorimer, and that they were joining forces with group action specialists Litigation Management, in order to “provide support for individuals, partnerships and trusts who have entered into tax planning arrangements that are now subject to HMRC scrutiny, and specifically those that have used avoidance schemes”.
Read the International Investment article in full here.
Withers: class action tax avoidance scheme victims