Expert Professional Negligence Lawyers in London with 98% success rate
We are a leading City of London law firm dedicated to providing exceptional legal representation to businesses and individuals seeking compensation for professional negligence against tax professionals such as accountants and auditors.
We are experts in tax professional negligence claims, and tax related disputes. Our lawyers and specialist mediators have a high success rate of around 98% in settling claims for clients.
We strive to achieve successful outcomes quickly and cost-effectively to recover your compensation: this is our promise.
Negligence claims against Tax Professionals
Tax advisors and accountants provide vital services to individuals and businesses, helping navigate complex financial and tax landscapes. Given their influential role in financial decision-making, they are held to high professional standards.
Accountants and tax advisors are typically regulated by professional bodies. In the UK, chartered accountants might be members of the Institute of Chartered Accountants in England and Wales (ICAEW) or the Association of Chartered Certified Accountants (ACCA). These organisations provide guidelines, ethical standards, and continuous professional development to ensure that accountants serve their clients effectively and ethically. However, mistakes, errors and negligent errors can occur causing clients financial loss.
Tax advisors and accountants are typically required to have Professional Indemnity Insurance (PII). This insurance is crucial as it protects against potential claims from clients who believe they have suffered financial loss due to negligence, errors, or omissions in the professional’s work. The insurance policy will also cover the majority of your legal costs of bringing the professional negligence claim.
Insurers have paid out over £2 billion to clients in professional negligence claims over the last 10 years. If you feel you have been the victim of negligent financial advice which has caused you loss, our award-winning professional negligence team can help you recover compensation against all legal financial and tax advisors.
We can also where necessary make complaints against accountants and auditors to their regulatory bodies to hold them to account for any breaches or misconduct.
Common Examples of Tax & Auditor Negligence
There are several common examples of professional negligence against finance and tax professionals such as:
- Negligent tax and financial advice
- Failing to meet tax deadlines
- Errors in accounts or tax returns
- Negligent investment advice
- Failure to properly advise on you on a tax scheme
- Wrong advice in relation to a tax scheme
- Failing to submit VAT returns
- Negligent advice on VAT recoverability
- Failing to adequate complete company accounts
- Failing to file company accounts on your behalf
- Failing to conduct due diligence
- Failing to submit tax returns and other paperwork in a timely manner to HMRC
Case Example – Successful Tax Negligence Claim
Our professional negligence lawyers successfully acted for a client who had received negligent tax advice to invest in a tax avoidance scheme which it was alleged would give the client tax relief.
HMRC came to a policy decision that the tax scheme was ineffective and gave our client a tax penalty.
Our expert negligence lawyers were able to recover significant monies for the client for the losses suffered as a result of the negligent advice and fraudulent tax scheme.
Winning Approach to Professional Negligence Claims
Our lawyers have dealt with negligence claims ranging from £50,000 to claims of up to £15m. We pride ourselves on our client-centric and results-driven approach, tailoring our litigation strategies and funding solutions to meet the unique commercial needs of each client.
Our professional negligence lawyers are recognised among the best lawyers in England & Wales, and have regularly been asked and featured to write authoritative articles in the Financial Times, Law Society and LexisNexis and have been quoted in City AM, the New Law Journal, Law Society Gazette and Litigation Futures.
Our specialist professional negligence team is Partner-led to provide straightforward, honest and strategic advice. We also have a strong legal network of solicitors, barristers and forensic accountant experts to call upon and advise you throughout to ensure you get the best result.
Our unique approach to professional negligence claims against accountants and auditors means that we will:
- Arrange a Free Consultation with you & a qualified lawyer to discuss your tax negligence claim
- Arrange a WhatsApp group with you & your legal team
- Investigate the merits of your tax negligence claim & devise a strategy for success at the outset
- Work with our in-house accountants to report all losses
- Send documents easily through our secure client portal, Go Transfer
- Advise you on any judgments & tactics that have proved successful in other tax and accountant negligence cases
- Assess the amount you may be able to recover from the negligent tax professional
- 24/7 chat feature with a qualified lawyer
- Fixed fees & “no win no fee” arrangements so that you have peace of mind
- Work hard to recover adequate compensation
Our professional negligence lawyers offer regulated, independent & confidential legal advice and are dedicated members of the Professional Negligence Lawyers Association, the London Solicitors’ Litigation Association, the Association of Cost Lawyers, the Insolvency Lawyers Association and the Commercial Litigation Association.
Mediation in Professional Negligence Claims
Alternative dispute resolution, where suitable, provides many advantages for parties in legal disputes including professional negligence claims. Our lawyers are strong advocates for mediation, which can often lead to favourable settlements.
Several of our lawyers are trained mediators and expert negotiators who are registered members of the Chartered Institute of Arbitrators (CIArb) and the International Mediation Institute. Our expertise in mediation gives our lawyers a significant and unique advantage when negotiating a compensation outcome on your behalf.
Fixed Fee & Flexible Funding Options
We provide flexible funding options including fixed fees and ‘no win no fee‘ arrangements to pursue your tax negligence claim.
Whether you are an individual or a business, we provide exceptional legal services to get you the compensation you deserve quickly and cost-effectively.
If your accountant or auditor has been negligent, please book a Free Consultation with our expert lawyers, you can call us on 0207 459 4037 or use our booking form below.