Ey

EY has said it is under no obligation to help HMRC collect more taxes in defending itself against a High Court lawsuit over a British property magnate's EY ...

and reflected the instructions of [DV4]”. The taxman instead claims it only entered into the 2015 settlement due to “misrepresentations” made by Delancey and EY. Ritblat claims the £400 settlement blocks the UK government from collecting further taxes on the £141m paid into the DV4 Trust. EY said “it would not be fair” to force it to “undertake investigations and enquiries on behalf of HMRC”, as it claimed any such requirement would “give rise to a direct conflict between the the duties owed by EY to its clients and the duty allegedly owed by EY to HMRC”. The accounting firm instead said it “provided to HMRC all the information” the tax authority required, as it denied making any “misrepresentations” or “false statements” to the UK government agency. In court filings seen by City A.M., EY said it provided “all the information which HMRC required” as the Big Four firm argued it “did not owe any duty of care” to the taxman to help it collect more money from the DV4 Trust.