HMRC files documents in ROSIIP case

Lawyers representing HM Revenue & Customs in the long-running ROSIIP QROPS case filed documents at the High Court on Friday last week, just hitting a deadline to avoid a judgement being made on the tribunal.

As reported, HMRC made an application to withdraw its case against the ROSIIP investors who were fighting against a decision by the Revenue to chase them for tax and charges of up to 55% of the amount they transferred to the Singapore-based ROSIIP QROPS.

Please link to International Adviser to read the full article by Simon Danaher.