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Sipp provider threatens legal action against HMRC

MW Pensions is threatening legal action against HM Revenue & Customs after directors in the firm were arrested as part of a £2.5m tax fraud case.

Last month, 11 people were arrested and bailed following raids in the North West and Midlands linked to a £2.5m suspected tax fraud involving bogus pension schemes.

A solicitor representing MW Pensions has confirmed that some of the arrested persons were directors of MW Pensions.

Pannone solicitor Chris Stott says the directors deny any wrongdoing. He says: “I can confirm that arrests of various MW Pensions directors did take place and action is taking place. We are not aware that they have been charged with any offences.”

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