• Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

That's handy

vetran

My post count is Majestic
Joined
Jul 6, 2005
Messages
52,798
Likes received
15,890
Thanks received
4,905
Location
Come Friendly Bombs
Accountants must help tax avoiders, rules judge | The Times

The accountancy profession was thrown into turmoil yesterday after a High Court judge appeared to rule that practitioners had a duty to advise wealthy clients to avoid tax.
Hossein Mehjoo, an Iranian refugee who built up a multimillion-pound fashion business in Britain, successfully sued his local accountancy firm for £1.4 million after it failed to advise him to enter an offshore tax avoidance scheme.

Don't panic! is the message despite avoidance scheme ruling - 07 Jun 2013 - Accountancy Age
 
Just reiterating what should be common sense and natural justice ..

"No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores. The Inland Revenue is not slow, and quite rightly, to take every advantage which is open to it under the Taxing Statutes for the purposes of depleting the taxpayer's pocket. And the taxpayer is in like manner entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Inland Revenue"

Lord Clyde KC

Ayrshire Pullman Motor Services v Inland Revenue Commissioners (1929) 14 T.C. 754
 

Advertisers

Back
Top