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EDF Tax LLP is a dynamic, innovative tax advisory firm offering high level specialist tax strategies and advice. Our aim is to help successful businesses and entrepreneurs maximise their tax efficiency by providing a personalised approach and tailored solutions, focused entirely upon the client’s needs.
We concentrate on building long-term relationships alongside our client’s existing advisers. Our combination of technical and interpersonal expertise is unparalleled in this industry and is indeed the secret behind our ability to design and deliver bespoke tax solutions.
No-one does it better!
News
- HMRC obtain secret tax files: In December 2009 it emerged that Herve Falciani, a former IT specialist at HSBC stole confidential data about clients with accounts in Switzerland and pass...
- Enforcement of judgements in litigation: With effect from 1 April 2010 HMRC will collect any tax due whenever it wins at the Tribunal or the Courts even if there is an appeal to a highe...
- HMRC Response to Consultations regarding Employment Status: HMRC has recently published its responses to the consultations from last year on: False Self Employment in Construction ...
- Are gas fitters the next on HMRC’s target tax list?: It has been reported that gas fitters could be the next category of taxpayers to be subjected to HM Revenue & Customs' (HMRC) ...
- Employer Provided Childcare - Technical Guidance Issued by HMRC: HMRC has issued a technical note in respect of employer-provided childcare arrangements for new participants from April ...
- Government Announces Consultation on Travel Salary Sacrifice Schemes: In the 2009 Pre Budget Report, the Government announced that it would shortly be issuing a consultation regarding t...
- Working with Tax Agents: Deliberate Wrongdoing Legislation: HMRC proposes to introduce new powers to address deliberate wrongdoing by tax agents. The aim is said to be a modernisation o...
- Incorrect PAYE coding notices 2010/11: The Institute of Chartered Tax Advisors (CIOT) has had confirmation from HMRC that of the 25 million coding notices being issued for 2010/11 a la...
- Contractor loses case against retrospective tax claim: The case involved a Montpelier tax scheme which sought to circumvent IR35 rules by taking advantage of the IOM Double Taxation Tre...
- The Tax Health Plan (THP): HM Revenue and Customs (HMRC) have approached insurers, private medical companies and health trusts and have subsequently received information about income re...
- Enquiries To Start Into Offshore Accounts: HMRC issued a Press Release on 7 January 2010 stating that investigations will soon begin into those who could have used the New Disclosure Op...
- Two new opportunities to resolve your outstanding tax affairs: New Disclosure Opportunity and Liechtenstein Disclosure Facility Offshore account holders in the UK and those with acco...
- Pre-Budget Report 2009 Summary: On 9 December 2009, Alistair Darling, Chancellor of the Exchequer announed his Pre-Budget Report. For details of the main key points coming out of the ...
- Pre Budget Report 2009 - Offshore Tax Evasion: The Pre Budget Report 2009 proposes a tough crackdown on the evasion of UK tax by offshore account holders. A Consultative Document sugge...
- HMRC targeting Hospital Consultants, Veterinary practices and Fish & Chip shops: We have learned that HMRC has identified ‘upwards' of 800 Hospital Consultants to be investigated...
- Advisory Fuel Rates for Company Cars from 1 December 2009: HMRC has published its updated advisory fuel rates to apply to journeys undertaken in company cars on or after 1st December 20...
- Liechtenstein Disclosure Facility (LDF) - HMRC release details of the terms: Details of the terms of the Liechtenstein Disclosure Facility (LDF) are now available from HM Revenue & Cust...
- New Disclosure Opportunity - extension for registration to 4 January 2010: HMRC have now extended the deadline for registration under the New Disclosure Opportunity (NDO) from 30 Nove...
- Taxpayers Charter: HMRC have published "Your Charter" (also known as the "Taxpayers Charter"). The Charter explains what taxpayers can expect from HMRC and what HMRC expects from taxp...
- Chancellor Announces Pre-Budget Report (PBR) Date: Chancellor Alistair Darling has announced that he will deliver his pre-Budget report on Wednesday 9 December at 12.30pm. We will be ...
- Inheritance Tax and Employee Benefit Trusts: HMRC Brief 49/09 replaced with Brief 61/09: Revenue & Customs Brief 49/09, which outlines HMRC's current view of the Inheritance Tax pos...
- Taxpayer achieves Income Tax loss in High Court Case: EWHC 2443 (2009) Mayes v HMRC: The High Court have found in favour of the taxpayer in a tax avoidance scheme known as ‘Ships 2'...
- New Disclosure Opportunity (NDO) - Online From 1 October 2009: HMRC's offshore disclosure scheme went online from 1 October. HMRC say this makes "it easier than ever to settle unpaid ...
- The Banking Code - Response Published by the Chartered Institute of Taxation: In his speech on 21 September the Financial Secretary to the Treasury Mr Stephen Timms MP said that the Gov...
- Financial Secretary to the Treasury comments on tackling tax avoidance: The speech of the Financial Secretary to the Treasury Mr Stephen Timms MP at the International Conference on Tax ...
- Liechtenstein Disclosure Facility (LDF) - anticipated to raise £1billion: At a speech to the Scottish CBI annual dinner, the Chancellor of the Exchequer is reported to have said that t...
- New Disclosure Opportunity (NDO) - Live from 1 September 2009: HMRC have announced further details regarding the New Disclosure Opportunity (NDO). HMRC say “If you have unpaid ta...
- Liechtenstein Disclosure Facility (LDF) - HMRC release details of the terms: Details of the terms of the Liechtenstein Disclosure Facility (LDF) are now available from HM Revenue & ...
- HMRC announce more details of New Disclosure Opportunity (NDO): HMRC have published information on their site about the key dates for the NDO and the process to be followed. Those wanti...
- HMRC Spotlight on Trusts: HMRC have recently updated their Spotlights on avoidance activities. In the recent release, Spotlight 5: "Using trusts and similar entities to reward employe...
- New Disclosure Opportunity (NDO): HMRC release podcast: HMRC have started publicising the New Disclosure Opportunity with a podcast from Dave Hartnett their Permanent Secretary for Tax....
- Liechtenstein Disclosure Facility (LDF): HMRC have now opened their dedicated help line for the Liechtenstein Disclosure Facility. Details are as follows: Telephone helpdesk - 0845 6...
- Inheritance Tax and Employee Benefit Trusts (HMRC Brief 49/09): Last week HMRC issued its current view of the Inheritance Tax position in relation to contributions to an Employee Benefi...
- Successful prosecution of offshore account holder: In February 2009, Revenue and Customs Prosecution Office's (RPCO) specialist direct tax division secured the conviction and sentencing...
- No Prosecutions of Birmingham City FC staff: The Revenue and Customs Prosecutions Office (RCPO) has reviewed the results of a joint investigation by the City of London Police and HM Rev...
- Liechtenstein Disclosure Facility: HMRC have announced a special amnesty for UK people with accounts in Liechtenstein to be known as the Liechtenstein Disclosure Facility (LDF). Those a...
- HMRC Streamline Interest Rates: Last week HMRC introduced a new minimum interest rate on tax repayments of 0.5%. This means that in future, interest will still be payable even when th...
- EWHC 1708 (2009) R (re Bottomley) v General Commissioners for Pontefract and HMRC: Administrative Court. Judicial Review. Allegation of bias - Commissioners and HMRC won Case Summary...
- UKFTT 163 (2009) Sokoya v HMRC: Penalty - Taxpayer won Case Summary: Mr Sokoya was under enquiry by HMRC who issued an information notice. As information was not supplied HMRC det...
- False Self-Employment in the Construction Industry: You may be interested to know that HMRC and the Treasury have issued a consultation paper aimed at tackling what it perceives as fals...
- HMRC announce more details of New Disclosure Opportunity (NDO): HMRC have published information on their site about the key dates for the NDO and the process to be followed. Those wanti...
- New Disclosure Opportunity (NDO): Last Offshore Tax Amnesty: Offshore account holders have one final opportunity to put their tax affairs in order The New Disclosure Opportunity (NDO...
- Finance Act 2009 receives Royal Assent: Royal Assent was received on 21 July 2009. The 2009 Finance Act can be viewed at: http://www.opsi.gov.uk/acts/acts2009/pdf/ukpga_2009...
- EWHC 62 (2009) HMRC v Banerjee: Employment expenses - Taxpayer won Case Summary: Dr Banerjee was an employed doctor and a specialist in dermatology. She claimed expenses under wh...
- EWHC 1310 (2009) HMRC v Benchdollar and Others: Statute of Limitations and NIC - Partial win for HMRC Case Summary: HMRC had been successful in defeating arguments that payment of...
- EWHC 952 (2009) FJ Chalke Limited & AC Barnes (Wokingham) Limited v HMRC: VAT repayments- do claimants get compound interest? Yes- but HMRC won because claims time barred. Case ...
- UKFTT 80 (2009) Adams v HMRC: Whether there had been a valid election under S138ACGA 1992. Whether an assessment on the basis of negligence also admitted the election - Taxpayer won. ...
- HMRC and Large Businesses: Building Relations: HMRC have been working at a more open and productive relationship with Large Business. This has progressed in the Large Business Service a...
- EWCA 622 (2009) Prudential v HMRC: Tax Planning; Currency Contracts - HMRC Won Case Summary: Prudential claimed relief for front end payments in connection with foreign exchange h...
- EWCA 608 (2009) Drummond v HMRC: CGT planning - HMRC won. Case Summary: Mr Drummond sought to cover a gain with a capital loss through a tax planning scheme involving the purchase...
- Disclosure of a Subject Access Report - Chemists (a firm) v HM Revenue & Customs [2009] UKFTT 00007 (TC) (27 February 2009): A Bank, at which Chemists banked, made a Subject Access...
- End of Tax Year Considerations for Employers: As well as ensuring that year end payroll and benefit returns are submitted on a timely basis, employers should also take great care to avo...
- Budget 2009 Highlights: The public finances have declined drastically. Between 2008/09 and 2009/10 Income Tax receipts will drop by £12bn, VAT by £15bn, CT by £9bn, CGT by £5.6bn an...
- Recent Court Decision: Prizedome Ltd & Anor v Revenue & Customs [2009] EWCA Civ 177: HMRC Victory: In this case the dispute was regarding ring-fencing of capital losses brough...
- Recent Court Decision: MA Rouf v HMRC -Court of Session [2009] 6 XA96/07: HMRC Victory: Mr Rouf was a Dundee restaurateur and the case against him was based on survellaince of his premi...
- Pre-Budget Report: November 2008: The Chancellor of the Exchequer Alistair Darling delivered his second Pre-Budget Report on 24 November 2008 against a backdrop of global economic uncer...
- Friday 13th a Good Day for UK’s Bar and Restaurant Staff: On 13 June, the Employment Appeal Tribunal ruled in favour of HMRC by supporting current National Minimum Wage legislatio...
- HMRC Introduces New Penalty Regime: Following consultation with taxpayers, HMRC are introducing new legislation regarding penalties for errors on tax returns and supporting documents. ...
- Self Employed - HMRC hoping to improve NIC collection: HMRC are currently consulting on improving the collection of National Insurance Contributions from the self-employed, who currentl...
- Offshore Accounts - HMRC Enquiries: Following the much hyped publicity concerning HM Revenue & Customs obtaining information in respect of offshore bank accounts, it has now transpi...
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