Basic Search  |  Summaries  |  Advanced SearchCompany City/Town: Southport
Company Nation/Region: England
Penalty: £12,720
Year: 2019
Date: 21 October, 2019
Offence Group: financial offences
Offence Type: accounting fraud or deficiencies
Violation Description: With the agreement of Forshaws Accountants Limited of Southport, United Kingdom,the Investigation Committee made an order that the firm be severely reprimanded, fined £5,650 and pay costs of £7,070 with respect to a complaint that:1. Forshaws Accountants Ltd allowed themselves to be associated with Overpayment Relief Claims made by 'Mrs A' for the 2011/12 and 2012/13 tax years when they should have known that they were incorrect.2. Forshaws Accountants Ltd prepared Mrs A's tax return for the 2013/14 tax year, which was incorrect because it omitted her income and gains. 3. Forshaws Accountants Ltd prepared Mrs A's tax return for the 2014/15 tax year, which was incorrect because it included a deduction to the Capital Gains Tax payable for legal and professional fees which were not deductible expenses for tax purposes.
Action Type: agency action
Settlement Type: Consent Order
Agency: Institute of Chartered Accountants in England and Wales
Source of Data: (click here)