December 2, 2022

HMRC sues EY over alleged misrepresentations in Ritblat

HMRC sues EY over alleged misrepresentations in Ritblat

HMRC sues EY over alleged misrepresentations in Ritblat

The UK’s tax authority is suing EY over alleged misrepresentations made in the course of the negotiation of a tax settlement referring to British property investor and Conservative donor Jamie Ritblat.

The lawsuit is linked to a broader dispute between HM Income & Customs and Ritblat about whether or not the 2015 settlement of simply £400 ought to block additional taxes on £141mn of earnings paid out after the deal was struck.

HMRC’s motion towards EY, which negotiated the settlement, is a extremely uncommon…

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