The argument over what the partners owe stems from a dispute between KPMG and Revenue & Customs over money the firm put aside to cover its partners’ tax bills Getty ImagesKPMG has written to hundreds of its present and former partners to warn them about a dispute with the taxman over a bill dating from seven years ago that could lead to them being hit with millions of pounds in demands for tax. In a letter last week to 518 senior staff, the accounting firm gave them estimates of the “worst-case” bills they face, which for some partners could stretch into tens of thousands of pounds, according to Sky News. The argument over what the partners owe stems from a dispute between KPMG and Revenue & Customs over the money the firm put aside to cover its partners’ tax bills. The firm, one of the four big accountancy firms and as such one of the…

Source: The Times June 05, 2017 23:07 UTC