Would there not be penalties and interest.
How they can claim PWC were incorrect in the letter is very interesting. Because PWC would be acting on the clients instructions and a copy of the letter given to the clients. Plus if PWC were incorrect, then the Quinns can sue PWC for the 'mistake' in the letter.
Is the Revenue just ‘show boating’ here as some of the individual liability is small ...
Where can one view previous cases referred to Tax Appeal Commissioners and outcome ?
I'm minded of a bank's requirements where a parent is "gifting" rather than "lending" funds to a child and the child is taking out a mortgage.
The bank require evidence that the money is a gift ( i.e not repayable) and not a loan( where the parent may have some equitable interest in the property).
mf
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