KPMG in the UK has been sued for more than £6 million (€6.9 million) by property company Mount Anvil, which claims it was left with an unexpected tax bill after the Big Four firm gave it negligent advice. KPMG had prepared tax returns for Mount Anvil Group and its subsidiaries for the five financial years ended between 2012 and 2016. LossFollowing HMRC’s inquiry, KPMG agreed with tax officials in June 2020 that Mount Anvil’s total additional tax liability was more than £3.9 million. This included the loss of £3.6 million of tax relief and additional tax payable of £348,000 that the company would not otherwise have owed, Mount Anvil said. KPMG and Mount Anvil declined to comment.

Source: The Irish Times May 09, 2021 14:32 UTC