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Accountancy firm embroiled in a tangled web

Accountancy firm embroiled in a tangled web

HMRC has been conducting an ongoing investigation into an accountancy firm, Christopher Lunn & Co and the company is now claiming that the Revenue is attempting to close it down even though there is no evidence of wrongdoing.

The Sussex based firm says HMRC has stopped it filing certain tax returns while the investigation is taking place and as a result it has launched a judicial review against the Revenue.

The firm was raided by HMRC last June and client files were removed. CLAC claims the Revenue did not tell the firm why the investigation was taking place, nor were company officials interviewed about the issue.

It is thought that the investigation is part of the Revenue’s clampdown on firms that take advantage of various loopholes in the tax system to benefit their clients.

A letter from HMRC, sent on November 30th last year, said that they have no alternative but to stop dealing with CLAC as a representative or agent. The accountancy firm is still preparing tax returns but is not allowed to file them online.

Bark & Company, a law firm, has said it will represent disgruntled clients of the accountancy firm, who want compensation for disruption to their tax affairs. CLAC is now threatening to sue Bark & Co saying the law firm has made defamatory statements against it.

A public meeting will be held later this month so that the firm’s clients can get legal advice on how to file a claim to get their money back.

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