Up to £45 million of ‘Follower Notice’ penalties liable to be repaid by HMRC

Fieldfisher, through its FeeSolve litigation funding service, is backing a potential group action against HMRC in relation to up to £45 million of ‘Follower Notice’ penalties that HMRC may be liable to repay. A recent Supreme Court decision has cast doubt on the enforceability of certain penalties issued by HMRC in cases of perceived tax avoidance. Read more.