Case Studies
Individual, Property Industry
A client of a well-respected accountancy firm in Manchester approached Cobham Murphy for specific advice in respect of
a property transaction. During the initial meeting, he revealed that his affairs were being investigated by the H M Revenue and Customs and that
his accountant had advised him to agree a settlement with the Inspector amounting to £750,000. The investigation was being conducted under the
Civil Investigation of Fraud procedures and a Report of Disclosures to the H M Revenue and Customs had been prepared.
John Green examined the accountants´ Report to the H M Revenue and Customs and advised that Cobham Murphy did not necessarily
accept the findings and offered to negotiate settlement of the investigation with Investigators on a contingency
basis. Cobham Murphy prepared a Disclosure Report and detailed negotiations took place with HMR&C. Eventually, the investigation
was settled with a repayment being made by the HMR&C of £91,000, rather than a total payment of £750,000 being
made to the Government, as suggested by the original accountants, resulting in a massive saving for the client.
BBC Business News
British Airways and Iberia draw up a shortlist of 12 airlines which the firms hope to buy or merge with.
Pensioners hit by the Equitable Life scandal are making a final attempt to persuade the government to pay them full compensation.
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