15 September 2014
HMRC’s well publicised prosecution of two accountants for cheating the public revenue through a charity relief tax scheme has collapsed. The accountants had been directors of Montpelier Tax Consultants and were charged as part of HMRC’s policy of cracking down on the providers of what they perceive as abusive tax schemes. It is understood, HMRC failed to prove their case with the judge directing the jury to acquit. HMRC currently has declined to comment. This is unsurprising as the accountants are understood to be considering their options and HMRC may be facing a substantial legal claim.