Sigur Rós have nothing to hide and have fully complied relevant information to the director of tax investigations (SRS) to resolve any and all issues. The band had an accounting relationship with PWC in Iceland from the beginning of their career until 2012, when they followed their long-standing accountant to his new venture Ryni Endurskodun. Late in 2014 the band were alerted that they had not filed correct tax returns for some years during the period 2010-2014. Part of the tax returns during that period were not filed correctly and that is not disputed by the band. This notification from the SRS was a surprise to the band as its members were all along in good faith that their tax returns were being submitted correctly by the accountant handling their affairs. This was disappointing to Sigur Rós and its members as they have from the beginning emphasized that their tax returns ought to be filed correctly in Iceland.
There are several jokes you could make about the band being from Iceland and having their assets literally frozen but I'm not going to make them.Phil is on Twitter.The band moved to accountancy firm, Virtus, at the start of 2015 to begin the process of getting their tax returns into correct form in accordance with the law. The band understand the SRS’s need to do their job, but would have preferred something less heavy-handed than the asset freeze. Especially because the bands members have from the start of the investigation co-operated fully with the directorate, submitted all information requested by the authorities and there was no need to freeze the assets of the members of Sigur Rós. This is in accordance with the opinion of the lawyers of Sigur Rós at LOGOS legal services.