#Zahawi update: his lawyers have written to me, denying that HMRC investigated him under COP 9, the procedure for investigating fraud. Since they are in such a helpful mood, I'm optimistic they'll answer some further questions. Full correspondence below:
My email:
The Osborne Clarke reply:
And my response:
I have updated my list of Zahawi questions to reflect the COP 9 answer.
Obvious addition: anyone thinking of sending abusive messages to Ashley should ask themselves some pretty fundamental questions.
I publish Ashley’s name because I believe lawyers engaging in SLAPP should be accountable, to the public and to their other clients.
A response from Zahawi's lawyer:
The last time Ashley suggested I contact Zahawi's press officer, it did not go well:
But I am hopeful this time is different, so:
You can bookmark this thread to catch the reply.
But I probably wouldn't bother.
I'm delighted to say I received a response to my questions. The response says that Mr Zahawi is not going to answer any questions:
What happens when you pay a fortune for tax advice from someone, and the advice turns out to be incompetent? And HMRC demands the tax back plus penalties?
If you guessed "you get all your money back" then I'm afraid you're going to be disappointed.
Dodgy R&D tax firm ZLX made large research and development tax credit claims for its clients, charging a 30% fee. Often these claims had no legitimate basis
I'm aware of one case where ZLX advised a small firm to make £200k in claims, for which they paid ZLX £60k fees.
They're now being pursued by HMRC for the £200k plus £100k penalties. And they're £60k out of pocket. They believe ZLX was extraordinarily negligent...
Every second a Labour MP spends campaigning for a wealth tax is a second that could be spent campaigning for real tax reform that could make the tax system fairer, boost economic growth and (unlike the wealth tax) actually happen.
A thread:
There will never be a wealth tax in the UK. Anyone who's looked at the evidence knows it would take years to implement, would hit investment, damage growth and kill jobs.
Every Monday am, we publish an updated list of every UK plc that's failed to file its accounts on time.
Sometimes a company is on the list because of Companies House delay/error.
Often, the companies are troubled, bust, or incompetent.
But sometimes it's just fraud:
Randomly clicking through the list, it's pretty obvious which are just innocent errors, incompetence, etc... and the frauds quickly stand out.
Meet Herran Finance plc.
Let's look at Herran Finance plc's last accounts.
Supposedly it's dormant. It had £59,892,205 cash in 2020 and exactly the same in 2021. It made no interest or other return. Had no expenses of any kind.