One of KPMG’s top UK advisers has quit the accountancy group after being charged with offences relating to a film finance scheme that is alleged to have enabled its wealthy backers to avoid millions of pounds in tax.
Patrick McCoy, the head of investment advice and fiduciary management at KPMG, stepped down days after being named as one of ten people facing criminal charges for allegedly cheating the taxman.
KPMG, which is an adviser to the Treasury and some of the country’s largest businesses, confirmed yesterday that one of its “former partners” had left the company after an investigation by HM Revenue & Customs into his “personal tax affairs”.
Mr McCoy, along with his nine co-defendants, who include City bankers and financial advisers, are accused