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L or dAs hc r of ts a y shi snewbooka boutDa v i dCa mer on i s" nota bouts et t l i ngs c or es " . T hi smus tber ec or dedi n hi s t or ya soneoft he r s tt i mesapol i t i c i a nha sbeen di r ec t l yhones t ! Howev er , t hedes i r ef orf a me , publ i c i t y a ndi nc r ea s edpr o tma r gi nswer enotment i oned. T hef or mer T or ydonorwa snotoffer edama j orj obi n t hec oa l i t i ongov er nmenta l t houghhedona t edmi l l i onsofpoundst ohel pt heCons er v a t i v es ghtf or s ea t s .
- Av oi danc es c hemesunder t hes pot l i ght - Di s c l os eorpr omot e , s t andanddel i v er Ant onL ane , Managi ngP ar t ne r
As hc r of ta l s oc omme nt e dt ha tMrCwa sa wa r eofhi snondomi c i l e dt a xs t a t us , whi c hwa st hes ubj e c tofc r i t i c i s m byL a bouri n2009.L or dAga v euphi ss t a t usa sa nondomi c i l e dpe r s ont or e ma i ni nt heL or ds( a sdi dL or dPa ul oft heL a bourPa r t y ) . I si ta nywonde rwet he r e f or ef a c et hea bol i t i onoft a xa dv a nt a ge sf ornondomi c i l e d pe r s onswhoha v er e s i de di nt heUKt ool ong: c oul dn’ tpos s i bl yha v eunf a i rt r e a t me nta ga i ns tame mbe rofpa r l i a me nt ?I ta l wa y sa mus e smehowame mbe rofpa r l i a me ntc oul dber e ga r de da snondomi c i l e dgi v e nt ha tt oha v eas a yi nt heor ga ni s a t i ona ndr unni ngofac ount r yi spr e t t yi ndi c a t i v eofy ourt i e s , a tl e a s tt ha ti swha t HMRCwoul da r guewhe r eanor ma l nondomi c i l e dpe r s onwe r es a y , av ot i ngc i t i z e n…. HMRCof t e nc ons i de rt het a xpos i t i onofawe a l t hynondomi c i l e dpe r s onbe c a us e t hea nt i a v oi da nc el e gi s l a t i ont ha ta ppl i e st ot he i ra ffa i r ss t r uc t ur e doffs hor ei se x c e pt i ona l l yc ompl e x .HMRCha v el a unc he df ourOffs hor eDi s c l os ur eF a c i l i t i e s ( “ ODF ” ) , a l l ofwhi c hr e gi s t r a t i onf orc ome st oa ne ndon31De c e mbe r2015.Mos t nonUKdomi c i l e sma yc ons i de rt ha tt he i ra ffa i r sa r ei nor de r , a l t houghwes us pe c t t ha tt he r ema ybemor et a xr i s k st ha nt he yk nowa ndwhe r et heODFi snote mbr a c e d, t a xc os t sc oul dbeal othi ghe r .Al s o, HMRCha v eagr owi ngs pe c i a l i s thi gh ne twor t huni twhi c hma ybea ni nc onv e ni e nc e-s e eoura r t i c l eWut he r i ngWe a l t h he r e . F or t una t e l y , L a bournowha sane wf r ontma n: Cor by n. T hepl e dgef r om Cor by ni s br oa dl yt oc ont i nuet hec a mpa i gna ga i ns tt a xa v oi da nc e / e v a s i ona ndt oge ne r a l l y t a xpe opl emor e .E v i de nt l yi ti sbe t t e rf ora ne ffic i e ntgov e r nme ntt ode c i dehow a ndwhe r emone yi ss pe nt .Wi t ha l l pol i t i c a l pa r t i e sa gr e e i ngona tl e a s tonea r e aof t a x a t i onpol i c y( t hec omba t t i ngoft a xa v oi da nc e / e v a s i on) pr omot e r soft a x s c he me ss houl dbewa r ya ndwes houl dk e e pac a r e f ul e y eonHMRC’ sa c t i v i t i e s , whi c ha r ea l l s ubj e c t sofa r t i c l e si nt hi sne ws l e t t e r . Asa l wa y swehopey oue nj oyr e a di ngourne ws l e t t e r . Pl e a s el e tusk nowofa ny f e e dba c ka nda nyc ont e nts ugge s t i onsf orf ut ur ene ws l e t t e r s . Pl e a s es e ndy our c omme nt st oKi r s t y ; k da ni e l @e dget a x . c om.
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Avoi danc es c hemes undert hes pot l i ght KeyPoi nt s : -Ret r oac t i veandr et r os pec t i vel egi s l at i onac c ept abl e; -Li t i gat i onmor el i kel y; -J udi c i al Revi ewmaybeunc ommer c i al t odo; -Ri s kofbei ngwi t hi ns t r i c tc r i mi nal offenc emaybe gr eat ert hanr eal i s ed; and -De ni t i onofapr omot eri swi deandpenal t i esar e pot ent i al l yhi gh!
Wi t houtadoubtt hemos te nor mousr i s kov e rt hec omi ng mont hsi sf ort hos ewi t hoffs hor es t r uc t ur e swhobe l i e v ei ti sa l l nea ndt he ya r enotpot e nt i a l l ywi t hi nt heoffs hor edi s c l os ur e f a c i l i t yorwor s e , t hene woffs hor ec r i mi na l offe nc e .T he r ei sa be l i e f t ha twhe r eoffs hor et a xpl a nni ngha sbe e nunde r t a k e ni n r e c e i ptof t a xa dv i c e , i twon’ tbec a ught .Al s o, s omedon’ t a ppe a rt or e a l i s et ha tt he yha v eunde r t a k e noffs hor et a xpl a nni ng–mos tc ont r a c t orl oa ns t r uc t ur e sa ndpr o te x t r a c t i on pl a nni ngha da ne l e me ntof offs hor ea s s oc i a t e dwi t ht he m! Gi v e nt hec ompl e x i t i e sof t hel e gi s l a t i ona s s oc i a t e dwi t hoffs hor es t r uc t ur e st he r ei sa l wa y sar i s ka ndwewoul ds ugge s t t a k i ngusuponanoobl i ga t i onf r e ec ha tf ora ni nde pe nde nt v i e wpoi nt . T hede a dl i net or e gi s t e rf ort heOffs hor eDi s c l os ur eF a c i l i t yi s r a pi dl ya ppr oa c hi ng: t womont hsl e f t . T hei s s ueof a c c e l e r a t e dpa y me ntnot i c e si sunde rf ul l s wi ng. F ol l owi ngac ha l l e ngei nt heHi ghCour tt ot hel e ga l i t yof Ac c e l e r a t e dPa y me ntNot i c e swhi c hwa sr e j e c t e d, HMRCr e por t e d t he yha v ec ol l e c t e d£1bi l l i on. HMRCa l s owont woc a s e s , whi c hwer e por t e doni nAugus ti nv ol v i ngAbbe yNa t i ona l T r e a s ur yS e r v i c e sPL Ca ndRe e dE mpl oy me nt .HMRC’ ss uc c e s si nt hec our t sde mons t r a t e st hec ont i nue d l e ga l a ndpol i t i c a l pr e s s ur et oc omba tt a xa v oi da nc e .T ha t doe s n’ tme a nt a xpl a nni ngi sde a d, i tme a nst ha tpe opl ene e dt o bemor ec a r e f ul .Wea r eha ppyt ogi v eav i e wonwha twoul dbe r e ga r de da sa c c e pt a bl epl a nni ngi f i the l ps ! T her i ppl e sof t a s k f or c ei nv e s t i ga t i onsa r es t a r t i ngt obef e l ti n Wa l e sa ndt heS out hWe s twi t hama r k e di nt e r e s ti nt her e s t a ur a nta ndr e t a i l i ndus t r i e sa swe l l a smot ort r a de .Al s o, HMRC s e e mt obewor k i ngt he i rwa yt hr ought hei nf or ma t i ononunde c l a r e dr e nt a l i nc omea ndpr ope r t ydi s pos a l sa sl e t t e r sr e que s t i ngwhe t he rr e c i pi e nt swi s ht oe nt e rt hel e tpr ope r t yc a mpa i gn ha v ebe e ni s s ue d.Wea r ea l s os e e i ngs omes t a r t i ngbl oc ka c t i v i t yof t hehi ghne twor t ht e a mss odot a k ea nyHMRCc or r e s ponde nc es e r i ous l y–i tma ybemor et ha ni ta tr s ts e e ms .
Indr ea di ngHMRC’ ss pot l i ght sv er yi nt er es t i ng, doy ou?E v er y pr of es s i ona l a dv i s ers houl da tl ea s tk nowt hes ubj ec toft hos e s pot l i ght sgi v eni thel pst oc ons i derwha ti ss ens i bl epl a nni ng a ndwha tmi ghtbeat a da ggr es s i v e .Howev er , a tt hi spoi ntof r ea di ng, s omepr of es s i ona l a dv i s er sma ynotc ons i dert heyneed t ok nowmor ebutwa i t , y ouma y ndi thel psy oubet t era dv i s e y ourc l i enta ndma na gey ourownr i s k sbyf ull l i ngadut yof c a r e .Pl usy oumi ghtwa ntt ok nowa bouthowt heGov er nment i swi l l i ngt oi nt r oduc er et r os pec t i v el egi s l a t i onl eta l oner et r oa c t i v el egi s l a t i onorev enpr os ec ut e … HMRCha v er ec ent l yupda t edt hes pot l i ght ss owet houghti t woul dbeus ef ul t os umma r i s et hem a ndt het y pesofa r r a ngement sc a us i ngunea s ei nt het a xwor l d. T her ea r ec ur r ent l y25s pot l i ght swhi c hwel i s tbel owa ndi ti s not edt ha ta f t erat woy ea rga p, t hel i s ti nc r ea s edi n2015byt wo mor es pot l i ght s . S pot l i ght25c onc er nsS DL Ta v oi da nc ea ndi npa r t i c ul a rna mes t heBl a c k f r i a r sS c hemea swel l a sr ef er st ot hewi l l i ngnes st oi nt r oduc er et r os pec t i v el egi s l a t i on.HMRCev enr ef ert ot heCour t ofAppea l c a s eAPVCO19L t d&Or s , R( ont hea ppl i c a t i onof ) v HMT r ea s ur y&Anor2015wher et hec our tuna ni mous l yr ef us ed a na ppl i c a t i onf oraj udi c i a l r ev i ewa ga i ns tS DL Tr et r os pec t i v e l egi s l a t i on, i nt r oduc edi n2013a nda ppl i edr et r os pec t i v el yt o21 Ma r c h2012. L or dJ us t i c eVoss a i d: " T hegov e r nme nt hadmadei t pe r f e c t l yc l e art hat S DL Tav oi danc e s c he me s. . . woul dnot bet ol e r at e d, andt hat r e t r os pe c t i v el e gi s l at i onwoul dbeus e dt oac hi e v et hat obj e c t i v e . T heappe l l ant sc an hav ebe e ni nnodoubt about anyof t hat , be f or et he yde c i de dt o t ak eadv ant ageof as c he mede v i s e dpur e l yt oc i r c umv e nt t hepr e c i s ewor di ngof s e c t i on4 5 ( 1 A) asi t wasbe f or et hel e gi s l at i v e c hange s . " S pot l i ght24c onc er nedt heus eof “ c ont r i v eda r r a ngement s ” f or empl oy er st obenetmor et ha ni nt endedf r om t heE mpl oy ment Al l owa nc ewher eempl oy er sc a ns a v eupt o£2, 000ofempl oy er ’ s Na t i ona l I ns ur a nc ec ont r i but i ons( NI Cs ) . 2
Ne ws l e t t e r Hi s t or i ce x a mpl esi nv ol v i ngt a xev a s i onnor ma l l yr ef ert of a l s ic a t i onordel i ber a t ea c t s .T hi sc oul ds t i l l a ppl yt oa v oi da nc e s c hemes , f ore x a mpl ec ons i dert hel ega l c onc eptofa“ S ha m” es t a bl i s hedi nt hec a s eofS nookvWes tRi di ng1967: “ a c t sdoneordoc ument se x ec ut edbyt hepa r t i est ot he" s ha m" whi c ha r ei nt endedbyt hem t ogi v et ot hi r dpa r t i esort ot he c our tt hea ppea r a nc eofc r ea t i ngbet weent hepa r t i esl ega l r i ght sa ndobl i ga t i onsdi ffer entf r om t hea c t ua l l ega l r i ght sa nd obl i ga t i ons( i fa ny ) whi c ht hepa r t i esi nt endt oc r ea t e" . Wher epa r t i esdonott a k el ega l s t epss er i ous l y , t hepl a nni ngwi l l bev ul ner a bl et oa t t a c k . T heRa nger sc a s ec ons i der edwhet her l oa nswer egenui negi v ent ha tt her ewa snota ne x pec t a t i onf or t hem t ober epa i d.Whi l s tHMRCwer enots uc c es s f ul ont ha toc c a s i on, i ta ppea r sl i k el yt ha tonot heroc c a s i onst heymi ghtbe .
HMRCdi dn’ tde t e c tt hes c he me : BBC’ sT oda ypr ogr a mmea nd BBConl i nee x pos e di ton29Ma y2015! Obv i ous l yj our na l i s t s ne v e rus eunde r ha ndme a nst oa c qui r ei nf or ma t i ona snodoubt Re be k a hBr ook swoul dt e s t i f y .Af t e ra na l l e ge d£16m pa yoff, a ppa r e nt l yRe be k a hi st or e t ur na sCE Os obe i ngs que a k yc l e a n doe spa yoff! S pot l i ght sa r ea ni nt e r e s t i ngi ndi c a t i onof wha tHMRCf e e l si s una c c e pt a bl ea l t hought he ydonotc ov e ra l l pl a nni ngc onc e pt s t ha tha v ebe e nora r ebe i ngpr omot e d.I ti sbe l i e v e dt ha tS pot l i ght si ndi c a t ea v oi da nc et ha tHMRCf e e l i suna c c e pt a bl ea l t hought he r ec a nbenor e l i a nc et ha tt hepa r t i c ul a rpl a nni ngi s a v oi da nc ea si tma yi nf a c tc ons t i t ut ee v a s i on.Mor er e c e nt l y , t hes pot l i ght sha v ei l l us t r a t e dt hede s i r ebyHMRCt ol e gi s l a t ea s we l l nowwi t hhi nds i ght , t hea r e a swhe r eHMRCwi l l c ons i de rl i t i ga t i ng.I ne v i t a bl y , HMRCa l s ous et he mt owa r noffpr omot e r s . Avoi danc eorevas i on T hedeni t i onof a v oi da nc ei st hel e ga l ma ni pul a t i onof one sa f f a i r st omi t i ga t eat a xl i a bi l i t y , whi l s te v a s i oni st hei l l e ga l ma ni pul a t i ont oe v a det a x e s .Al l i npr a c t i c ea r ea wa r eof t heunc e r t a i nt yof wha tc ons t i t ut e sl e ga l ori l l e ga l .F ore x a mpl e , c ont r i but i ng t oa nE BTa ndr e c e i v i ngl oa nsba c kha da l wa y sbe e nc ons i de r e d l e ga l t a xpl a nni ngunt i l t hee mpl oy me nti nc omepr ov i de d t hr ought hi r dpa r t i e sa nt i a v oi da nc el e gi s l a t i onwa spubl i s he d on9De c e mbe r2010.Howe v e r , i nl i ghtof t heE BTs e t t l e me nt oppor t uni t ya ndHMRC’ se x t e ns i v ea na l y s i sof wha tt he yc ons i de rt hec or r e c tt a xt r e a t me ntc ont a i ne dwi t hi nt ha toppor t uni t y , a ny t hi ngt ha ti sdi ffe r e ntc oul da r gua bl ybei l l e ga l –r i ght ? F or t una t e l y , t hel a wha sr e qui r e dt ha tt hei nt e ntof t hepe r s on ne e dst obec ons i de r e d.F ore x a mpl e( a ndbr oa dl y ) , i f t he i ra c t i onswe r eunde r t a k e nbe l i e v i ngt ha tt he ywe r ea c t i ngl e ga l l y ( f ore x a mpl eha dr e c e i v e dpr of e s s i ona l a dv i c e ) t he ni ti sunl i k e l y t he yha v ee v a de dt a x .S i ghof r e l i e f a l t houghdon’ tf or ge tt he s t r i c tc r i mi na l offe nc ebe i ngi nt r oduc e di nr e s pe c tof offs hor e : we r e n’ tmos tE BT soffs hor e ?
Gi v enHMRC’ si nt endedi nc r ea s ei npr os ec ut i onsa swel l a st he mov i nggoa l pos t sonwha ti sa c c ept a bl eornot , c a r eneedst o bet a k enwhenc ons i der i ngt her i s kofpr os ec ut i onwi t hbot h hi s t or i ca ndc ur r entpl a nni ng. Ret r os pec t i veandr et r oac t i vel egi s l at i on I ta ppea r st heGov er nmenti sc ommi t t edt o“ t hwa r t i ng” una c c ept a bl et a xpl a nni ngbywha t ev ermea nspos s i bl ei nc l udi ng t hei nt r oduc t i onofl egi s l a t i ont ha tpr ev ent st het a xups i deofa t r a ns a c t i on.T hi si sama j orga mec ha ngea ndma ybes ubj ec tt o c ha l l engest hr oughJ udi c i a l Rev i ewi nt hef ut ur e .Hows uc c es s f ul wi l l c ha l l engesbe? Li t i gat i on Weha v eof t enmut edt ha twher eas et t l ementoppor t uni t yi s notembr a c ed, t heGov er nmentma ybei nc l i nedt ol i t i ga t eort o l egi s l a t et oc ount era nyhi s t or i corc ur r enta dv a nt a ge .Gi v en t hi sa ppr oa c h, i si twor t hs eek i ngJ udi c i a l Rev i eworf a c i ngl i t i ga t i on?I tma ybemor ebea r a bl ewher ea ffor da bi l i t yofl ega l a c t i oni snotapr obl em.Howev er , ma nyha v epa i dc ons i der a bl e f eesa l r ea dya ndma ynotbei nc l i nedt or i s kf ur t here x pens e wi t ht hedowns i det ha tt heys t i l l ha v et opa yt het a x( orha v e pa i di tt hr ougha c c el er a t edpa y ment s ) . Pr omot er s HMRC’ sv i ewonwha ti swi t hi nt heDi s c l os ur eof T a xAv oi da nc e S c heme( “ DOT AS ” ) r ul esma ybewi dert ha napr omot er sv i ew. Wher eHMRCbel i ev et ha tas c hemei snot ia bl eundert heDi s c l os ur eof T a xAv oi da nc eS c hemes( DOT AS ) r ul es , a ny onewho c omeswi t hi nt hemea ni ngofapr omot erf ors uc has c heme whoha snotnot iedi tundert heDOT ASr ul esc oul dbel i a bl ef or a neofupt o£1mi l l i on.
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Ne ws l e t t e r T hedeni t i onof “ pr omot e r ” unde rt heDOT ASr ul e sgoe s be y ondt hos ewhode v i s et hes c he mei t s e l f a ndma yi nc l udea pe r s onwho: -Ma k e sa r ma ppr oa c ht oa not he rpe r s onwi t hav i e wt o ma k i ngas c he mea v a i l a bl ef ori mpl e me nt a t i onbyt ha t pe r s onorot he r s ; -Ma k e sas c he mea v a i l a bl ef ori mpl e me nt a t i onbyot he r s ; or -Or ga ni s e sorma na ge st hei mpl e me nt a t i onof as c he me . Conc l us i ons Whi l s ts pot l i ght si ndi c a t es omea r e a sHMRCa r ei nt e ntona t t a c k i ng, t he ya l s odenet hee x t e ntof HMRC’ sa ppr oa c ht owa r ds t hos eus i nga ndpr omot i nguna c c e pt a bl epl a nni ng. Of pa r t i c ul a rc onc e r ns houl dbet hewi l l i ngne s st or e t r oa c t i v e l yorr e t r os pe c t i v e l yl e gi s l a t e ; t hes t r i c tc r i mi na l offe nc ea ndt hei nt e nde d i nc r e a s eof pr os e c ut i ons . Wea r eha ppyt odi s c us sonanoobl i ga t i onsba s i st hei mpl i c a t i onsof pl a nni ngi mpl e me nt e dorbe i ngc ons i de r e d: c a l l Ant on L a neon01454777831ore ma i l a l a ne @e dget a x . c om Y ouc a nv i e wal i s tof t hec ur r e nts pot l i ght sonourwe bs i t ehe r e .
Di s c l os eorpr omot e, s t andanddel i ver . . . HMRCupda t edi t spr omot er soft a xa v oi da nc es c hemes( “ POT AS ” ) gui da nc ei nS ept ember2015. T hebr ea dt hoft her ul esi s , i nourv i ew, wi dert ha nwha tmos twoul de x pec ta ndma y c a t c hanumberofa dv i s er swhoma r k et ed( us i ngt het er m l oos el y ) t a xs ol ut i onsP AS T , PRE S E NTa ndF UT URE . I nt hi sa r t i c l e , wec ons i derwhoi sapr omot era ndwha tt he pot ent i a l f ut ur edev el opment sf ort hel egi s l a t i ona r e .We s umma r i s et her ul esi nt hea ppendi c eswhi c hy ouc a nv i ewon ourwebs i t eher e . HMRCe x pec t st ha tf ewpr omot er swi l l meetat hr es hol dc ondi t i ona ndbei s s uedwi t hac onduc tnot i c e .T ha te x pec t a t i on ma k est hec os t l ypr oc es sofi nt r oduc i ngl egi s l a t i ona l l wor t hwhi l edoes n’ ti t ? S owha ti saf ew?F ore x a mpl e , t her ea r e17, 000member sof t heCha r t er edI ns t i t ut eof T a x a t i on( “ CI OT” ) , 144, 000member s oft heI ns t i t ut eofCha r t er edAc c ount si nE ngl a nd&Wa l es ( “ I CAEW” ) a ndl i k eaz i l l i on na nc i a l a dv i s er sa nds ol i c i t or sa nd t hent her ea r et hos et ha ts i mpl y“ s el l ” unr egul a t ed( i . e . unr egul a t edbyt heF i na nc i a l Conduc tAut hor i t y( “ F CA” ) pr oduc t st o ev er y ma na ndhi sdog( Redk na pp’ sdogRos i eev i denc est he a ppl i c a bi l i t yoft a xpl a nni ngf orpet s ) . Onewoul da s s umet ha t a“ f ew” needst obeas uffic i entnumbert odet ert hema j or i t y f r om pr omot i ng. “ T heobj ec t i v esoft hePOT ASr egi mea r et oc ha nget hebeha v i ourofas ma l l a ndper s i s t entmi nor i t yofpr omot er sof a v oi da nc es c hemeswhoe x hi bi tc er t a i nbeha v i our s , a ndt oa i m t odet ert hedev el opmenta ndus eofa v oi da nc es c hemesby i n uenc i ngt hebeha v i ourofpr omot er s , t hei ri nt er medi a r i es a ndc l i ent s . ” I ft hei nt ent i onoft hel egi s l a t i oni st odet ert hepr omot i onof t a xa v oi da nc es c hemes , publ i c l yi dent i f y i ngmoni t or edpr omot er swoul ds pr ea dt hewor dt ha tHMRCmea nsbus i nes s .I f onl yonepr omot erwer ena meda nds ha medi nay ea ri tmi ght notha v eadr a ma t i ceffec t .Al t houghi ft went ywer es uddenl y t hes ubj ec tofamoni t or i ngnot i c e , t ha tmi ghtma k es omer i ppl esi nt hema r k etpl a c e .I faf ewhundr edoraf ewt hous a nd wer es ubj ec tofamoni t or i ngnot i c e , i twoul dc er t a i nl yma k e ev er y onehi nt i ngt ha tt her ei sawa yt omi t i ga t et a xt hi nkc a r ef ul l ybef or es pea k i ng. F or t una t el y , t her egi mei s“ s uper v i s edbya ut hor i s edoffic er s a ndi ss ubj ec tt os t r i c tgov er na nc e ” , whi c hei t hermea nsi ti s s ubj ec tt ot heus ua l bur ea uc r a t i cpr oc es sf ori mpl ement a t i on ort ha tas pec i a l i s edt ea m( onema na ndhi sdogRos i e) wi t h s upereffic i enc yi sr ea dyt opounc e .
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Ne ws l e t t e r S owhoi sr e ga r de da sapr omot e r ?T hedeni t i onof “ pr omot e r ” i ss e touta ts e c t i on235F i na nc eAc t2014. Apr omot e ri s c a r r y i ngonabus i ne s sa sapr omot e ri f i tc a r r i e sonabus i ne s s t ha ti nc l ude sorha si nc l ude dt he : -De s i gn; -Ma r k e t i ng; -I mpl e me nt a t i on; -Or ga ni s a t i on; or -Ma na ge me ntof a v oi da nc es c he me s . Ape r s oni sapr omot e rof ar e l e v a ntpr opos a l i f i t : -I sr e s pons i bl et oa nye x t e ntf ort hede s i gnof t he pr opos e da r r a nge me nt s ; -Ma k e sa r ma ppr oa c ht oape r s oni nor de rt oma k et ha t pr opos a l a v a i l a bl et ot ha tpe r s onora ny onee l s e ; -Ma k e st hepr opos a l a v a i l a bl ef ori mpl e me nt a t i onby a ny one . F orf ur t he ri nf or ma t i ononwha tc ons t i t ut e sar e l e v a nt pr opos a l , s e ea ppe ndi c e sbe l ow. Ape r s oni sapr omot e rof r e l e v a nta r r a nge me nt si f i ti s : -Apr omot e rof ar e l e v a ntpr opos a l t ha ti si mpl e me nt e dby t hea r r a nge me nt s ; -I sr e s pons i bl et oa nye x t e ntf ort hede s i gn, or ga ni s a t i on orma na ge me ntof t hea r r a nge me nt s . F orf ur t he ri nf or ma t i ononwha tc ons t i t ut e sar e l e v a nt a r r a nge me nt , s e ea ppe ndi c e sbe l ow. Ape r s onwi l l notbeapr omot e ri f t he i ronl yi nv ol v e me nti st o ha v ebe e nr e s pons i bl et os omee x t e ntf ort hede s i gnof pr opos e da r r a nge me nt sort hede s i gn, or ga ni s a t i onorma na ge me ntof a r r a nge me nt s . S uc hape r s onwoul dnotbewi t hi n t hes c opeof t hel e gi s l a t i ona sapr omot e rof t hea v oi da nc e s c he mei f t hepe r s on: -Doe snotpr ov i det a xa dv i c e ; or -Coul dnotr e a s ona bl ybee x pe c t e dt ok nowt ha tt he a r r a nge me nt sa r ea na v oi da nc es c he me . T he r e f or et he r ei sa ne x c e pt i onwhe r es a yapr of e s s i ona l a dv i s e rpr ov i de ss e r v i c e si nr e l a t i ont oa ne l e me ntof as c he me wi t houtk nowi ngt hee nt i r ea r r a nge me nt sorpr ov i de sal e ga l ort a xopi ni onona ne l e me ntof i t . T he r ei sa l s oa ne x e mpt i on f oragr oupc ompa nya dv i s i ngwi t hi nt hegr oup.
Weenv i s a get ha tt hes c opeofpr omot erc oul dt her ef or ei nc l ude ma nyi nt er medi a r i es .Ani nt er medi a r yma ypur por tt ha t : -T hes t r uc t ur ebei ngpr omot edi snotar el ev a nt a r r a ngement ; -T heya r enotpr ov i di ngt a xa dv i c e; or -T heywer euna wa r et hea r r a ngement swer ea na v oi da nc e s c heme .
I tmi ghtbeea s yf ors omeonet oc onv i nc et hems el v est ha tt he a r r a ngementi snotonewhi c hha st hema i npur pos eofa v oi di ngt a xa l t hought hec our t smi ghtc ons i derot her wi s e .F or e x a mpl e , i fwewer et oc ons i derhi s t or i cr emuner a t i onpl a nni ng, t hema i npur pos ewa st oi nc ent i v i z ea ndobv i ous l yt he ups i deofmi t i ga t et a xwa smer el yas ec onda r ybonus .Wha ti f t hec our t swer et ot es ta na r r a ngementbyl ook i ngnota tt he ul t i ma t epur pos ebuti ns t ea dwhyt hea r r a ngementwa sus ed? Asf ornotpr ov i di ngt a xa dv i c e , s ur el ya ny onec omment i ngon t het a xpos i t i onofa na r r a ngement( ev ens omeoneel s e ’ s a r r a ngement ) t ha thol dst hemot i v eofder i v i ngapec uni a r y beneti spot ent i a l l ypr ov i di ngt a xa dv i c e .I ti sunl i k el yt ha ta n enga gementl et t erort hemer ef a c ta not herpa r t yma ypr ov i de f or ma l a dv i c ewi l l pr ev ents omeonewhos a y s“ i fy oudot hi s , y ouwi l l pa yl es st a x ” f r om notbei ngr ega r di nga sha v i ngpr ov i di ngs omel ev el oft a xa dv i c e . Bei nguna wa r ei spos s i bl ea l t houghi fs omeonei sa wa r eoft he pot ent i a l t a xups i de , t heywoul dneedt or ega r dt hea r r a ngementa snotar el ev a ntpr opos a l ora r r a ngement .T hos ewho a r edea nta nda na r r a ngementi ss i mpl yac ommer c i a l one wi t ha nups i des houl dc ons i derhowt hec our t smi ghtper c ei v e i t .T hec our t sa r el i k el yt owa ntt oes t a bl i s hwhet hert her e wer eapot ent i a l oft hec ommer c i a l i t yofa r r a ngement sbei ng genui ne , whi c hnor ma l l yr equi r esev i denc eoft hea r r a ngement sf ull l i ngac ommer c i a l pur pos e .Anot hert es tmi ghtbe t odet er mi newhet hert hewa ya r r a ngement sa r ec ons t r uc t ed i ss ol el yt oobt a i nat a xa dv a nt a ge . T het a xwor l dha sc er t a i nl yc ha ngeda tar a pi dpa c eov ert he pa s tf ewy ea r s .T hei nc r ea s eofpower sa ffor dedt oHMRCha v e y ett obeus edi nt hei rf ul l f or c ea l t hought her ei sl i k el yt obe mount i ngpr es s ur et odemons t r a t et hemi ghta nds er i ous nes s a ga i ns tc omba t t i ngt a xa v oi da nc e .I tdoes n’ tmea nt ha tt a x pl a nni ngc a n’ tbedone , i tj us tmea nst ha tc a r eneedst obe t a k ent ogett her i ghta dv i c e .I ta l s omea nst ha tmor ea nd mor eenqui r i eswi l l beopenedi nt ot hos ewhoha v eunder t a k ent a xpl a nni nga sHMRCbec omemor ei nf or meda ndi twoul d bepr udentt oha v eadi s c us s i onwi t husonwhet hery ouora c l i enta r ea tr i s k .Ca l l usf oranoobl i ga t i onc ha t .
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Ne ws l e t t e r I tCoul dBeYOU. . . Cor by nha si de nt ie di ti st hos eda s t a r dl ywe a l t hype opl ea nd c or por a t e st ha tdon’ tpa ye noughi nt a x e s .I nt hene x tbr e a t h hes t a t e st ha t “ Asmuc ha s£120bnwa snotc ol l e c t e dbyt he T r e a s ur yduet ounc ol l e c t e dt a xde bt s , t a xa v oi da nc ea ndt a x e v a s i on” .HMRCa r ehowe v e rc ol l e c t i ngl ot sof ne wk e r c hi ng pur s ua ntt oi ni t i a t i v e ss e touti nt he2010t o2015pol i c ypa pe r ont a xe v a s i ona nda v oi da nc e .T hepa pe rgotas l i ghtf a c e l i f ti n Ma yt hi sy e a r . Wet houghti tmi ghtbeus e f ul t or e c a pont he me a s ur e sHMRCa r et a k i ngbe c a us epol i c yha sbe c omer e a l i t y . Asanas i de , Cor by nappe ar shope f ul t hat t hec ur r e nt Gov e r nme nt c hanget hedec i t pos i t i on, e l i mi nat i ngi t by2 0 2 0 , al l owi ngL abour ( as s umi ngt he yge t i n) t o“ nol onge r bor r owf or day t odays pe ndi ng, but …. . s t i l l bor r owf or i nv e s t me nt ” .S ugge s t i onappe ar st obe t hat hewoul df ol l owi ns i mi l ar f oot s t e pst oMr Bl ai r andMr Br own: I wonde r af t e r Cor by n ’ st i mei nl e ade r s hi pwhe t he r Mr andMr sB wi l l s har et he i r e x t e ns i v ek nowl e dgeof l e gi t i mat et axpl anni ng…. T hepol i c ydoc ume ntgoe ss omewa yt oe x pl a i ni ngt hedi ffe r e nc ebe t we e na v oi da nc ea nde v a s i oni nawa yonl yapol i t i c i a n c oul d: “ T axav oi danc ei sbe ndi ngt her ul e sof t het axs y s t e mt ogai nat ax adv ant aget hat P ar l i ame nt ne v e r i nt e nde d. I t of t e ni nv ol v e sc ont r i v e d, ar t ic i al t r ans ac t i onst hat s e r v el i t t l eor nopur pos eot he r t hant opr oduc eat axadv ant age . I t i nv ol v e sope r at i ngwi t hi nt he l e t t e r –but not t hes pi r i t –of t hel aw. T axe v as i oni swhe npe opl eor bus i ne s s e sde l i be r at e l ydonot payt het ax e st hat t he yoweandi t i s i l l e gal . ” Onec oul dpont ic a t eov e rwhe t he rr ul e sa r ebe ntors i mpl y ba dl ywr i t t e na swe l l a swhe t he rPa r l i a me nta c t ua l l yk nowwha t t he yi nt e nd.Re ga r dl e s sof t hec hi t t e rc ha ti nPa r l i a me nt , t he pol i c ypa pe ri squi t euni quei nt ha ti tbr oa dl ys e t soute v e r y me a s ur eHMRCa r et a k i nga ndi nt e ndt ot a k et oc ount e rwha t e v e rt he yorPa r l i a me ntc ons i de rt a xa v oi da nc ea nde v a s i on, t he me a s ur e sa r ea sf ol l ows : 1.Set t l ementoppor t uni t i es : t hi si swhe r eHMRCs a y , “ We don’ tt hi nks ome t hi ngwor k sory ouma yha v edones ome t hi ng na ught y , wewi l l c ha l l e ngey ouory ouc oul dpa yust a x( orwe c oul dba nk r upty ou) ” .HMRCha sr a i s e d£610mi l l i onf r om v ol unt a r ydi s c l os ur e s .I ti sa l s or e por t e dt ha t£395mi l l i onha sbe e n r a i s e df r om pos tc a mpa i gna c t i v i t i e s( pr e s uma bl ye nqui r i e s e t c . ) .I tdoe sde mons t r a t et ha tHMRCa r ege a r i ngupt opur s ue t hos enote nt e r i ngt hec a mpa i gns . 2.Mor epr os ec ut i ons : Gonea r et heda y sof hi ghpr ol ec a s e s a ndt hos ea ga i ns tt her i c ha ndf a mous( t he ywi l l s t i l l oc c ura l t houghma y bepol i t i c i a nsa r enows que a k yc l e a n) .T hepol i c yi s nowt oe ns ur ee v e r y onei sa wa r ei tc oul dbet he m –ma y bea c a mpa i gns i mi l a rt ot heNa t i ona l L ot t e r ywoul dwor k“ I tc oul d beYOU” .HMRCha v ea l l oc a t e dmor er e s our c e st oc r i mi na l i nv e s t i ga t i oni nt hehopeof i nc r e a s i ngt hepa c ea ndnumbe rof pr os e c ut i ons .
L oc a l t a s kf or c esha v ebeens etup( nor ma l l yl ook i nga ts pec ic s ec t or s ) t oc a r r youti nv es t i ga t i onswi t ht hev i ewofpr os ec ut i ng. T her ea r ear epor t eda ddi t i ona l 200c r i mi na l i nv es t i ga t or sa ndt he gr owt hofpr os ec ut i onsf r om 2010/ 11t o2014/ 15i ss ev enf ol d.
3.Mul t i nat i onal c or por at i ons–bas eer os i onandpr ot s hi f t i ng: S omemul t i na t i ona l bus i nes s esa v oi dpa y i ngt a xby s hi f t i ngpr ot sa wa yf r om t hel oc a t i onwher et hea c t i v i t i esc r ea t i ngt hos epr ot st a k epl a c e . G8l ea der sha v ec a l l edont heOE CD t odr a wupat empl a t ef orgl oba l c or por a t i onst or epor tt ot a x a ut hor i t i esonwher et heyma k et hei rpr ot sa ndpa yt a x es a r oundt hewor l d. T hi swi l l gi v et a xa ut hor i t i esa r oundt hewor l d anewt ool a ga i ns tt a xa v oi da nc ebymul t i na t i ona l s . 4.Pr event i ngavoi danc eandevas i onbyweal t hyi ndi vi dual s : HMRC’ sAffluentUni ti sget t i ng100e x t r ai nv es t i ga t or sa nd e x t r ar i s ka ndi nt el l i genc es t a fft oi dent i f ya nddea l wi t ha v oi da nc ea ndev a s i on. Mor es pec i a l i s tper s ona l t a xi ns pec t or sa r e bei nga l l oc a t edt opr ev entev a s i ona nda v oi da nc eofi nher i t a nc e t a x , us i ngoffs hor et r us t s , ba nka c c ount sa ndot herent i t i es . T hes es pec i a l i s t swi l l c onc ent r a t ei npa r t i c ul a ront hea gent si nv ol v edi nt hes ea c t i v i t i es . T heuni ta l s oha sanumberofs pec i a l i s t t ea ms , i nc l udi ng: a.F i na nc e: t hos ec onnec t edt oi nv es t mentf unds , pr i v a t e na nc i ngs c hemesorequi t i esa ndba nk i ngor ga ni s a t i ons ; b.Ri s i ngs t a r s : t hos ewhos ewea l t hi si nc r ea s i nga ndwho mi ghtbec omehi ghnetwor t hi ndi v i dua l si nt hene x tf ew y ea r s ; c .Bus i nes si nv es t mentt a xr el i ef :ha ndl i ngc l a i msf orpeopl e notl i v i ngi nt heUKwhowa ntt oi nv es ti nUKbus i nes s es ; d. Ana l y s i sa ndi nt el l i genc e: ga t her i nga nda na l y s i ng i nf or ma t i onona ni ndi v i dua l ’ sbeha v i our . 5.Offs hor et axevas i onandavoi danc e: Att heG8S ummi ti n J une2013, t hemembers t a t esa gr eedt oes t a bl i s ht hea ut oma t i c e x c ha ngeofi nf or ma t i onbet weent a xa ut hor i t i es . T hea gr eementbui l tont hepr i orc ommi t mentma debyF r a nc e , Ger ma ny , I t a l y , S pa i na ndt heUKt opi l ott hea ut oma t i ce x c ha ngeoft a xi nf or ma t i on. T wel v eot herE UMemberS t a t esa ndMe x i c oa nd 6 Nor wa yha v enowj oi nedup.
Ne ws l e t t e r Gue r ns e y , t heI s l eof Ma n, J e r s e y , t heCa y ma nI s l a nds , Angui l l a , Be r muda , t heBr i t i s hVi r gi nI s l a nds , Mont s e r r a t , Gi br a l t a ra ndt he T ur k sa ndCa i c osI s l a ndsha v ea l s oj oi ne dt hi si ni t i a t i v e , a gr e e i ng t oa ut oma t i c a l l ye x c ha ngei nf or ma t i ona bouta c c ount she l di n t hos ej ur i s di c t i onswi t ht heUKa ndot he r s . HRMCa l s oha v eane wc e nt r eof e x c e l l e nc ewi t hi nt obec ohe s i v ea nde nha nc ee x pe r t i s ei nde a l i ngwi t hoffs hor ee v a s i on. T het e a mi ss pe c ic a l l yt a s k e dwi t hi de nt i f y i ngt hebe s tus eof da t at oi de nt i f yoffs hor et a xe v a s i on. 6.Dat aandt ec hnol ogy: T heGov e r nme nti sc ommi t t e dt o na nc i ngt hec ont i nue da dv a nc e me ntof t heConne c ts of t wa r e a swe l l a si de nt i f y i ngwhot ous et he i ri nc r e a s e di nf or ma t i on powe r st oa nnua l l ypopul a t et ha ts of t wa r ewi t hmor eda t a . 7.T axavoi danc es c hemes :T hel i s tof me a s ur e si sl ong: a.Di s c l os ur eof t a xa v oi da nc es c he me s ; b.Ge ne r a l a nt i a v oi da nc el e gi s l a t i on; c .Pr omot e r sof t a xa v oi da nc es c he me–moni t or i ngnot i c e s a ndpe na l t i e s ; d. S e t t l e me ntoppor t uni t i e s ; e.Ac c e l e r a t e dpa y me ntnot i c e s ; f .Ac c e l e r a t e dl i t i ga t i on; a nd g.I mpr ov i ngt hequa l i t yof i nf or ma t i ona v a i l a bl eon a v oi da nc et ohe l pt a x pa y e r s( s omeL or dsmus tbea c t ua l l y s ha r i ngt he i re x t e ns i v ek nowl e dgeof l e gi t i ma t et a x pl a nni ng) . 8.I dent i f yi ngbene c i al owner sofc ompani es :Ahe a dof t he G8s ummi tt ha tt heUKhe l di nJ une2013, ne wr ul e st obr i ngi n t r a ns pa r e nc yonul t i ma t eowne r sof c ompa ni e swa sa nnounc e d. T hei nf or ma t i onwi l l bema i nt a i ne dbyCompa ni e sHous e a l t hougha c c e s s i bl et ol a we nf or c e me nta ge nc i e sa ndt a x a ut hor i t i e s . G8l e a de r sa l s oa gr e e dt oe ns ur et ha tt hi si sc ons i de r e di nt e r na t i ona l l yt oo! 9.Mi ni mi s i ngt hehi ddenec onomy: Anumbe rof i ni t i a t i v e st o de t e rpe opl eope r a t i ngi nt hehi dde ne c onomy( c he a pe rt a x f r e ede a l si . e . c he a pe rf orc a s ha ndt hos et r a di ngont hei nt e r ne t ) i nc l udi ng:
a.E duc a t i ona l gui da nc ea ndt ool s ; b.Newonl i nes er v i c esa ndi nt r oduc i ngas i mpl eri nc omet a x s y s t em f ors ma l l bus i nes s es ; c .I dent i f y i ngt hos ewi t hi nt hehi ddenec onomybyma t c hi ng i nf or ma t i onhel d, i . e . pr oper t yowner s hi pa ndel ec t or a l r ol e , t r a der sonema r k et pl a c esa ndba nka c c ount set c et er a ; d. E nc our a gi ngv ol unt a r ydi s c l os ur es ; a nd e.T a r gets pec ict a s k f or c es . 10.Sec r etear ni ngs : HMRCha v emor et ha n600s t a ffi nt hei r s pec i a l i s thi ddenec onomyt ea ms .T het ea msi nv es t i ga t ed 19, 300peopl edur i ng2012/ 13r es ul t i ngi n£160m oft a x . I ni t i a t i v esha v ei nc l udedus i ngUKBor derAgenc yi nf or ma t i ont o i dent i f yt hos ee x pl oi t i ngi l l ega l wor k er s . Ot heri ni t i a t i v esi nc l ude ut i l i s i ngi nf or ma t i onf r omT r a di ngS t a nda r ds , VOS A, a ndDWP . HMRCha v ea l s owor k edwi t hl oc a l a ut hor i t i esa ndHomeOffic e i mmi gr a t i onenf or c ementt oi nv es t i ga t ee x pl oi t a t i onofmi gr a nt wor k er sa ndmul t i pl eoc c upa t i onofhous es . L ondonbor oughs a ndpol i c et ot a c k l er oguel a ndl or dsc ha r gi ngc a s hi nha ndr ent s a nde x pl oi t i ngv ul ner a bl epeopl el i v i ngi ns ubs t a nda r dor uns a f ehomes . HMR M Ca l s ous ess a l esda t af r om c r edi ta nddebi tc a r dc ompa ni es t oc r os sc hec ka ga i ns tVATr egi s t r a t i onsa ndbus i nes si nc ome dec l a r edont a xr et ur ns . 11.Pr event i ngt axevas i on: Notonl yha sConnec tbeenc ont i nua l l yi nj ec t edwi t hs t er oi ds , HMRCha sa l s odonet hef ol l owi ng: a.S etupov er60r egi ona l t a s k f or c ess i nc eMa y2011; b.I mpl ement edapubl i c i t yc a mpa i gnwhi c hi nc r ea s est he per c ept i ont ha tpeopl ewi l l bec a ughti ft heyev a det hei r t a x es ; c .Publ i c l yna mi ngdel i ber a t edef a ul t er s ; a nd d. Pl a c i ngk nownt a xev a der sunderc l os ers c r ut i nyf or v e y ea r s( moni t or i ngs er i ousdef a ul t er s ) . Wi t ht heUKgov er nment ’ sc l ea rpol i c yont a c k l i ngt a xa v oi da nc e a ndev a s i onc ombi nedwi t huni l a t er a l a gr eement sa c r os st he wor l d, i ti smor ei mpor t a ntt ha nev erf orbus i nes s esa ndi ndi v i dua l swi t hi nt er es t si nmul t i pl ej ur i s di c t i onst oc ons i dert hei r e x pos ur et or i s k . Ourr ec ommenda t i onwoul dbet os eek i nga n i ndependentr ev i ew. Pl ea s edoc ont a c tusf oranoobl i ga t i on di s c us s i onofy ourory ourc l i ent ’ ss i t ua t i on.
T axCompl i anc e
For t hc omi ngdat esf oryourdi ar y: 30S ept ember 30S ept ember 1Oc t ober 5Oc t ober 14Oc t ober 19/ 22Oc t ober 31Oc t ober 2Nov ember 19/ 22Nov ember
E ndofCT 61( c ompa nyi nc omet a xr et ur n) qua r t er l yper i od; L a s tda yt or ec l a i mE CVATc ha r gea bl ei n2014; Dueda t ef orCTpa y ment sf ora c c ount i ngper i odsendi ng31Dec ember2014; L a s tda yf ori ndi v i dua l sa ndt r us t eest or egi s t erf ors el f a s s es s mentf ort he14/ 15t a xy ea r ; CT 61i nc omet a xdueda t ef orqua r t ert o30S ept ember2015; Pa y mentf orS ept embera ndqua r t ert woP AYEs ubmi s s i ondea dl i neda t e; L a s tda yt os ubmi tpa pers el f a s s es s mentt a xr et ur nsf or14/ 15t a xy ea r ; S ubmi s s i onda t eofP46( Ca r ) f orqua r t ert o5Oc t ober ; Dueda t ef orOc t oberpa ya sy ouea r n( “ P AYE ” ) pa y ment .
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Ne ws l e t t e r Sel l i ngyourbus i nes s Thi nki ngabouts el l i ngyourbus i nes s . . . c ons i dert hes epoi nt er sf r om Ant onLane. . . Wea l wa y st e l l bus i ne s sowne r st ha ti f t he ya r et oa c hi e v eas uc c e s s f ul s a l e , t he ys houl dpr e pa r ee a r l y( i de a l l y , t hr e ey e a r sbe f or e as a l e ) .Pr e pa r i nge a r l ya s s i s t si nmi ni mi z i ngt her i s kof af a i l e d t r a ns a c t i ona ndt oopt i mi z et hev a l ues ha r e hol de r sr e c e i v e . Unpl e a s a nts ur pr i s e sc a nqui c k l ya ffe c tt hepot e nt i a l a c qui s i t i on a nddea t epe r c e pt i onsof wor t h. T hef ol l owi ngt e npoi nt sma y a s s i s tt oma na get hef ut ur es a l eof abus i ne s s : 1.Cl earbus i nes sobj ec t i veandpl an: T hev a l ueof abus i ne s si sa ffe c t e dbyma nyv a r i a bl e si nc l udi ng: -Ma na ge me ntt e a m’ sa bi l i t y ; -Di v e r s i t yof c us t ome rr e l a t i ons hi ps ; -Compa ny ’ ss t a gei ni t sl i f ec y c l e ; -Compa r a bl egr owt hr a t e s ; -Pr o tma r gi ns ; -Oppor t uni t i e sa ndr i s k swi t hi nt hei ndus t r ys e c t or ; -F i na nc i nga r r a nge me nt s ; a nd -Pot e nt i a l ora c t ua l me r ge r sa nda c qui s i t i ons . Abus i ne s ss houl dus et hepr es a l epe r i odt oa na l y s ewe a k ne s s e s i nt he s ea r e a sa ndi mpr ov et he m. 2.TheDi ves t i t ur ePl an: T heDPl a n, a ddr e s s e st a c t i c a l pr i or i t i e sf ora l l a s pe c t sof t hebus i ne s swi t ht hee ndgoa l of as a l e . I ti nt e ndst oe ns ur ee a c hpr i or i t y i ss moot hl yi mpl e me nt e d. E a r l ypr e pa r a t i onf ors a l ebe gi nswi t hapr e s a l e“ he a l t hc he c k ” . T hi si se ffe c t i v e l ye na c t i ngt heduedi l i ge nc epr oc e s st ha twoul d oc c urons a l et hr e ey e a r sbe f or es a l es ot ha tt hea r e a sr e qui r e dt o pr e pa r ef ors a l ea r ee s t a bl i s he d. Ar e a sof duedi l i ge nc et y pi c a l l y i nc l ude s : -Robus t ne s sof i nf or ma t i ons y s t e ms ; -S t r e ngt hof ma na ge me ntt e a m; -S t a t usof bus i ne s sa s s e t s ; -Cus t ome r sr e l a t i ons hi ps ; -Cont r a c t ua l a r r a nge me nt swi t hc us t ome r s , s uppl i e r sa nd e mpl oy e e s ; -Huma nr e s our c ef unc t i on; -Cont r a c t ua l pr ot e c t i onof br a nda ndi nt e l l e c t ua l pr ope r t y ; -F i na nc i a l s t a t e me nt s ; a nd -T a xc ons i de r a t i ons . T hepr oc e s sa ddr e s s e st hei mpr ov e me nt st ha tc oul dbema de t oda yt ha tane wbuy e rwi l l a ppr e c i a t ea ndwa ntt opa yapr e mi um f or . T hei nf or ma t i ont ha ti sc ol l a t e da spa r tof t hi spr oc e s sor whi c hr e s ul t sf r om t hi spr oc e s sov e rt hec omi ngt woy e a r swoul d T hi sbr i ngst oge t he rc ompr e t y pi c a l l ybes t or e di na“ da t ar oom” . he ns i v ei nf or ma t i ont ha twi l l ber e qui r e dt obes uppl i e df ol l owi ngt heCon de nt i a l I nf or ma t i onMe mor a ndum ha sbe e ndr a f e df ordi s t r i but i ont opr os pe c t i v ebuy e r s .
3.Cor et eam andt r us t edadvi s er s : T hec or r ec ti nt er na l a nde x t er na l peopl emus tbei dent iedt oc ol l a t ei nf or ma t i ona ndi nt er a c twi t hbuy er s . T het ea m needst oc ont r ol t hec ons i s t enc yofc ommuni c a t i onsa ndmi ni mi z eov er a l l di s t r a c t i onf r om da y t oda yoper a t i ons . Gooda dv i s or sc a na s s i s tt os moot ha ndma i nt a i nmoment um whi l ehel pi nga c c ur a t el yt or ec ogni z ea nda c hi ev ev a l ue .Al s o, s omea r ea sma ybee x c ept i ona l l yc ompl e x( l i k et a x ! ) a ndt hea dv i s er sc a na s s i s tt oea s et hei s s uest ha ta r i s e . 4.Fi nanc i al r es ul t s : E s t a bl i s hi ngahi s t or yofna nc i a l per f or ma nc ea swel l a smoni t or i nga ndev a l ua t i ng na nc i a l r es ul t si si mpor t a ntt oapur c ha s er .T he s el l ers houl dbeor ga ni s eda ndc a pa bl eofhi ghl i ght i ngk ey na nc i a l i nf or ma t i ona ndma na gementt ool s . 5.Fi nanc i al pr oj ec t i ons : Ahi s t or yofna nc i a l pr oj ec t i onsa l ongwi t hdemons t r a t i nghow t heywer ea c hi ev edorwhyt heywer enota c hi ev eda ndt hemea s ur est a k ent oa c hi ev enewoness uppor t st hei mpor t a nc ea nda bi l i t yoft hema na gementt ea mt oapr os pec t i v epur c ha s er . T hehi s t or i cpr oj ec t i onss houl ds uppor tt hev a l i di t yofc ur r entonesi nc onj unc t i onwi t hot heri nf or ma t i ont her ebydemons t r a t i ngt hef ut ur e gr owt ha ndpr ot a bi l i t y 6.Subj ec t i veval ue: T heowner sofabus i nes sof t ens eet hev a l ueoft hei rbus i nes sa s wha ti ti swor t ht ot hem.I ti si mpor t a ntt ha tf oras uc c es s f ul a nd r ewa r di ngs a l e , t heowner ss eet hebus i nes st hr ought heey esofa pot ent i a l buy er . 7.Buyeri dent ic at i on: T heowner ss houl dunder t a k eal ongt er mi dent ic a t i onpr oc es st o es t a bl i s ht hepot ent i a l pur c ha s er sa ndens ur et heyha v et hea bi l i t y t oa c t ua l l ya c qui r e .T hea s s es s mentpr oc es swoul dl ooka tt hes y s t emsoft hepot ent i a l pur c ha s er s , t hei robj ec t i v esa ndc ul t ur et her ebya l l owi ngt hebus i nes st odev el opa nda l i gni t s el fwi t ht hepot ent i a l pur c ha s er s . 8.Pot ent i al s t r uc t ur i ngal t er nat i ves : As el l ers houl dc ons i dert hedi ffer entwa y si nwhi c ht hedi s pos a l c a nbes t r uc t ur eda ndbea wa r eoft heopt i onsa ndpot ent i a l t r a deoffs . 9.Spec ict r ans ac t i onobj ec t i vesandpr i or i t i es : T hebus i nes ss houl dc ont i nua l l yr ev i ewt hegoa l sa ndr enet hei r di r ec t i oni nl i newi t ht hepot ent i a l di s pos a l . 10.Sal et i mel i ne: T hebus i nes ss houl di dent i f ya ni nt endedda t et os a l ebya ndpr oc es sl ea di ngupt oi t .Onc eapot ent i a l buy eri st ender i ngt hent he bus i nes ss houl da c twi t hpr ec i s i ont opr oc eedeffic i ent l yt oc onc l us i on.I tma k esi ts omuc hea s i erf ort hebuy er !
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Ne ws l e t t e r Pr oper t yRel at ed Expendi t ur e I nt hi smont h’ spr ope r t yf oc uswewi l l l ooka tc a pi t a l v e r s usr e v e nuee x pe ndi t ur ea swe l l a sr e c e nta ndpr opos e dc ha nge si nt r e a t me ntof e x pe ns e si nr e l a t i ont or e pa i r sa ndr e ne wa l s . Ne x t mont h, wewi l l l ooka tf ur ni s he dhol i da yl e t sa ndV ATi s s ue swi t h pr ope r t y . Asa l wa y s , i f y ouwoul dl i k et oc omme nt , di s c us sa ny poi ntr a i s e dors e ea na r t i c l eonpa r t i c ul a rs ubj e c tpl e a s ec ont a c t Ki r s t yDa ni e l ( k da ni e l @e dget a x . c om) . Capi t al vRevenue Di ffe r e nt i a t i ngbe t we e nac a pi t a l a ndr e v e nuee x pe ns ei soneof t hea r e a sof pr ope r t yt a x a t i ont ha tc a us e smuc hdi ffic ul t ya nd c onf us i on. Ani mpor t a ntpoi ntt or e me mbe ri st ha tt he r ei s n’ ta s i ngl ec onc l us i v et e s tt ode t e r mi nebe t we e nc a pi t a l a ndr e v e nue e x pe ns e s . He l pf ul ! Ac a pi t a l e x pe ns ec a nbr oa dl ybei de nt ie da sas um s pe nta c qui r i ngori mpr ov i nga na s s e tt ha tha sal ongus e f ul l i f eori she l d f ori t spot e nt i a l t oi nc r e a s ei nv a l ueov e rt i me . I nt hec ont e x tof pr ope r t y , t hi swoul di nc l udet heor i gi na l pur c ha s epr i c ea nda ny e x pe ns eonma j ors t r uc t ur a l wor k s , s uc ha sal of tc onv e r s i on. Ca pi t a l e x pe ns e sa r enotus ua l l ya l l owa bl ea sade duc t i onwhe n c a l c ul a t i ngt a x a bl epr ot sf ori nc omet a xpur pos e s , a l t hougha c l a i mf orc a pi t a l a l l owa nc e sma ybepos s i bl ei ns omec i r c ums t a nc e s . Ar e v e nuee x pe ns ei sus ua l l yas um s pe ntt ha tc a ne i t he rbei mme di a t e l yr e l a t e dt ot hege ne r a t i onof i nc omeof t hec ur r e nt pe r i odori si nc ur r e dr e s t or i nga na s s e tt oi t sor i gi na l orope r a t i ona l c ondi t i onwhe nr s tpur c ha s e d( t he r es houl dbenoe l e me ntof i mpr ov e me nt ) . I nt hec ont e x tof pr ope r t y , t hi swoul di nc l udeama na ge me nte x pe ns eort her e pa i nt i ngof awa l l ( t ha ti s notc onne c t e dt oac a pi t a l e x pe ns e ) . Al l owa bl er e v e nuee x pe ns e s r e duc et a x a bl epr ot sof t hepe r i odt he yr e l a t et o. T heba s i cpr i nc i pl e ss e e ms t r a i ght f or wa r de nough. Howe v e r , whe ny oua ppl yt he mt os pe c icc i r c ums t a nc e si nt hel i f e c y c l eof apr ope r t ybus i ne s s , i ti se a s yt os e ehowdi ffic ul t i e sa r i s e . A numbe rof t e s t sha v ebe e ne s t a bl i s he dt hr oughc a s el a w. T he t e s t spr e domi na nt l ys t e mf r om c a pi t a l a l l owa nc e sc a s e sf ort r a di ngbus i ne s s e s , s ot he i ra ppl i c a t i ont oapr ope r t ybus i ne s sc a nbe di ffic ul t . T het wok e yt e s t sa r et hee ndur i ngbe nett e s ta ndt hef unc t i ona l t e s t . Ana s s e twhi c hc a nbec ont i nuous l yus e di nabus i ne s sf or t woy e a r sormor ei sus ua l l yr e ga r de da sac a pi t a l i t e m; t hee ndur i ngbe nett e s t . Ac a pi t a l i t e mi sa na s s e twhi c ht hebus i ne s s i sc a r r i e donf r om a ndnota na s s e twhi c he na bl e st hebus i ne s st o c a r r yon; t hef unc t i ona l t e s t . Al t hought he s et e s t sma ybehe l pf ul , t he ya r enotne c e s s a r i l y c onduc i v et oapr ope r t ybus i ne s s . T hef ol l owi ngs c e na r i osa r ea ppl i e di nt hec ont e x tof ar e s i de nt i a l pr ope r t yl e t t i ngbus i ne s s .
T hei ni t i a l a c qui s i t i onc os t sofl a ndorbui l di ngswi l l us ua l l ybea c a pi t a l e x pens e( f orapr oper t ydev el opmentor “i p” , i tma ybea ppr opr i a t et oa l l oc a t et hepr oper t yt os t oc korwor ki npr ogr es s ) . A l a ndl or dma yunder t a k es omer edec or a t i onorr ef ur bi s hmentof t hepr oper t ypr i ort ol et t i ngi t . T hee x pens esi nc ur r eddur i ngt hi s per i odma yber ev enueorc a pi t a l a nddet er mi ni ngt hec or r ec t t r ea t mentc a nbedi ffic ul t . Al a ndl or dwoul da l mos tc er t a i nl ypr ef ere x pendi t ur et ober ega r deda sr ev enuei nna t ur ei nor dert oa c c el er a t er el i eff ort hec os t si nc ur r ed. F ora ni ndi v i dua l , r el i efwoul dbeobt a i neda ga i ns thi gher i nc omet a xr a t es( 20/ 40/ 45%) ov erc a pi t a l ga i ns( 18/ 28%) . T he r s ta nds i mpl es tt oa ppl ypr i nc i pl ei st ha te x pendi t ur ei nc ur r eda f t erapr oper t yi sa c qui r edi na nun tc ondi t i onf ori mmedi a t ehuma noc c upa t i onwi l l us ua l l yber ega r deda sc a pi t a l i nna t ur e . T hea s s umpt i onbei ngt ha tt hepr oper t ywoul dbea c qui r eda tar educ edpur c ha s epr i c ei nc ont empl a t i onoft hewor k sr equi r edt o br i ngi nt oa ts t a t ef oroc c upa t i on. Wher et hepr oper t yi s tf orhuma noc c upa t i ona ndwor k sc a r r i ed outa mountt ol i t t l emor et ha nc os met i c s , t hee x pens ewoul dus ua l l ybea l l owa bl ea sar ev enuee x pens e . F ore x a mpl e , pr of es s i ona l c l ea ni nga ndr epa i nt i ngofanewl ya c qui r edpr oper t ypr i ort oi t s r s tl et , s houl dber ega r deda sar ev enuee x pens e . Pr el et t i nge x pendi t ur ei nc ur r edupt os ev eny ea r spr i ort ot he c ommenc ementoft hepr oper t ybus i nes si sa l l owa bl ea st houghi t ha dbeeni nc ur r edont he r s tda yoft hebus i nes sa c t i v i t yc ommenc i ng. E x pendi t ur ei sonl ya l l owa bl ei fi ti swhol l ya nde x c l us i v el yf ort hepr oper t ybus i nes s , s or edec or a t i ngc os t si nc ur r edwhi l e t hepr oper t ywa sus edf oradi ffer entpur pos e( s uc ha swhena l a ndl or doc c upi edapr oper t ya st hei rma i nhome) woul dnotbea l l owa bl e . I ft hee x pens ewa si nc ur r edi nc ont empl a t i onoft hea c t i v i t yc ommenc i ng, t her ei sj us t ic a t i onf ort hee x pens ebei nga l l owa bl e . Wher ewor k sha v ea nel ementofi mpr ov ementorenha nc ement , t heywoul dnor ma l l yber ega r deda sac a pi t a l e x pens e . F ore x a mpl e , at wobedr oom hous ema ybec onv er t edi nt ot wo a t s . T hi s woul dbea nobv i ousi mpr ov ement( a s s umedl yt oi nc r ea s er ent a l y i el d) a ndt her ewoul dbenoi mmedi a t ededuc t i onf r om t a x a bl e pr ot s , a l t hought hee x pendi t ur es houl dbea na l l owa bl ec a pi t a l e x pens ef ort hepur pos eofc a l c ul a t i ngc a pi t a l ga i nsona nev ent ua l di s pos a l oft hepr oper t y . Wher et her ei sdoubt , i tma ybepr udentt oobj ec t i v el yc ons i dert he f a i rma r k etv a l ueoft hepr oper t yi nac ondi t i onwher ei tc oul dbe i mmedi a t el yl eta ndt hepr i c ea c t ua l l ypa i d. Wher epr oper t yi sa c qui r eda ta“ di s c ount ” a nds i gnic a nte x pendi t ur ei si nc ur r edpr i or t oi tbei ngl et , t hi swoul dnor ma l l ybea ni ndi c a t ort ha tt hee x pendi t ur ei sc a pi t a l i nna t ur e . Wher et hewor k smer el yi mpr ov et hepr oper t y’ sma r k et a bi l i t y( or i nc r ea s esi t sr ent a l v a l uewi t houta nys i gnic a ntc ha nget ot he f a br i coft hebui l di ng) a ndnoti t sa c t ua l v a l ue , t hent hi swoul di ndi c a t et ha tt hee x pens ei sr ev enuei nna t ur e .
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Ne ws l e t t e r T hege ne r a l r ul ei st ha tf ora ne x pe ns et ober e ga r de da sr e v e nue , t he r es houl dbenoe l e me ntof i mpr ov e me nt . T hi sc a us e si s s ue si n t ha tpr ope r t yi sal ongl i f ea s s e ta ndma t e r i a l s , me t hodsa ndt e c hnol ogyus e di nt hec ons t r uc t i oni ndus t r yi sc ons t a nt l ye v ol v i ng. T hemos tf r e que nt l yus e de x a mpl ei swhe r es i ngl egl a z e dwi ndows a r er e pl a c e dwi t hdoubl egl a z e duni t s . Al t hought he r ei sa ne l e me ntof i mpr ov e me nt , HMRCa c c e ptt ha twhe r et hei mpr ov e me nt e l e me nti si nc i de nt a l t owha ti ne s s e nc ei sar e pa i r , t y pi c a l l ybyr e f e r e nc et ot heus eof mode r nma t e r i a l s , t ha tt hee x pe ns ei sar e v e nueone .
Pr i ort o6Apr i l 2013, a ndi na ddi t i ont ot hewea ra ndt ea ra l l owa nc e , al a ndl or dc oul da l s oc l a i mt hec os tofr epa i r i ngorr epl a c i ngi t ems t ha tf or medpa r toft hef a br i coft hebui l di ng; s uc ha si nt egr a t ed k i t c hensa ndba t hr ooms .T hee x pens esneededt obei nc ur r eda f t er t hepr oper t ywa sr s tl et , orHMRCwoul dmos tl i k el yr ega r di ta sa c a pi t a l e x pens e .
Renewal sBas i s
T hes t a t ut or yr enewa l sba s i sc ont a i nedwi t hi ns 68I TT OI A2005 whena ppl i edt oapr oper t ybus i nes si si nf a c tv er yl i mi t ed. I twoul d o n l y a p p l y t o s ma l l i t e ms s u c h a s c r o c k e r y , c u t l e r y a n d s mo k e T hepr i nc i pl ebe hi ndt het r e a t me ntof i t e mss uc ha swi ndows , r oof s l a r ms . Wher ea v a i l a bl e , ac l a i mf orwea ra ndt ea ra l l owa nc es houl d a nd t t e dk i t c he nsi st ha tt her e pl a c e me ntof i t e msona sc l os et oa a u s u a l l y p r o v i d e a l a r g e r d e d u c t i o n f r o m t a x a b l e p r o t s . T h e s t a t u l i k ef orl i k eba s i sa spos s i bl ei sar e pa i rof t hewhol ei t e m( be i ngt he or yr enewa l sba s i sc a nnotbeus edi nc onj unc t i onwi t hwea ra nd pr ope r t y ) . Onewa yt ode t e r mi newha ti t e msf or m pa r tof t hef a br i c t t ea ra l l owa nc e . of t hepr ope r t yi st oc ons i de rwhe t he ry ouc oul dt a k ei twi t hy ou wi t houtc a us i nga nyda ma gei f y ouha doc c upi e dt hepr ope r t ya nd T henons t a t ut or yr enewa l sba s i s( c ont a i nedwi t hi nE S CB47) wa s s ubs e que nt l ymov e d. wi t hdr a wnwi t heffec tf r om 6Apr i l 2013. I twa si nt endedt oa ppl y opr oper t ynotqua l i f y i ngf orwea ra ndt ea ra l l owa nc ea l t hougha T her e pl a c e me ntof da ma ge dormi s s i ngr oof t i l e ss houl dbear e v e - t l a ndl or dha dt heopt i ont oma k ea nel ec t i ona st owhet herwea r nuee x pe ns e . T her e mov a l a ndr e pl a c e me ntof ar oof dur i ngt he ndt ea rort her enewa l sba s i swoul da ppl y . I fal a ndl or dma dea n c our s eof al of tc onv e r s i ons houl dbeac a pi t a l e x pe ns e . Re pl a c i nga a el ec t i ononaf ur ni s hedpr oper t y , t heywoul dha v et oa ppl yt he di l a pi da t e dt t e dk i t c he n, i nc l udi ngi nt e gr a t e da ppl i a nc e s , s houl d s a met r ea t mentt oa l l f ur ni s hedpr oper t i esi nt hes a mebus i nes s a l s ober e ga r de da sar e pa i r . unt i l t hebus i nes sc ea s ed. T henons t a t ut or yr enewa l sba s i sa l l owedal a ndl or dt oc l a i me x pens ei nc ur r edoni t emsi nc l udedi n Howe v e r , t her e pl a c e me ntof f r e e s t a ndi ngwhi t egoods( c ook e r s , t hewea ra ndt ea ra l l owa nc e; s uc ha sf r ees t a ndi ngwhi t egoodsa nd f r e e z e r s , e t c . ) s houl dber e ga r de da sac a pi t a l e x pe ns e . c a r pet s . T her enewa l sba s i sa ppl i est ot hec os tofr epl a c i ngi t ems a ndnott heor i gi na l c os t , whi c hs houl dber ega r deda sc a pi t a l . Pe r ha pss ome wha ts t r a nge l y , t her e pl a c e me ntofoorc ov e r i ngs s uc ha sc a r pe t s( a ni t e my ouc oul dt a k ewi t hy oui f y oumov e d) T her ewa sa nout c r yf r om t hepr of es s i ona l bodi esa ndl a ndl or ds woul d, i nHMRC’ sv i e w, ne i t he rc ons t i t ut ear e v e nuenora na l l oww h e n i t w a s r s t a n n o u n c e d t h a t t h e n o n s t a t u t o r y r e n e w a l s b a s i s a bl ec a pi t a l e x pe ns e . Ac a r pe tha snor e a l f unc t i ona l t houghi tpr owa st ober emov edwi t hnopr ov i s i onf orar epl a c ement . T hea nv i de sa ne ndur i ngbe netwi t houtf or mi ngpa r tof t hef a br i cof a nounc ementeffec t i v el ys t eer edal a ndl or dt owa r dspr ov i di ngf ur bui l di ng. Howe v e r , t hewe a ra ndt e a ra l l owa nc e( s e ebe l ow) doe s ni s heda c c ommoda t i onorpot ent i a l l ys uffer i nge x pens eswi t hno pr ov i deaf or m of r e l i e f . a v a i l a bl er el i ef . T henons t a t ut or yr enewa l sba s i si ss ett oma k ea c omeba c kwi t heffec tf r om 6Apr i l 2016, whenwea ra ndt ea ra l l owWearandT earAl l owanc e a nc ewi l l bea bol i s hed.Ac ons ul t a t i onont hepr opos a l i sduet o c l os eon9Oc t ober2015. We a ra ndt e a ra l l owa nc ewa sa ne x t r as t a t ut or yc onc e s s i on( E S C B47) unt i l 5Apr i l 2011whe ni tha dl e gi s l a t i v ee ffe c tf r om 6Apr i l T hepr opos a l i sc l ea r l ya na t t emptt os i mpl i f yt her ul esf ore x pendi 2011. I ti sbe i ngwi t hdr a wnf r om 5Apr i l 2016. Unt i l t hi st i me , a t ur eonf ur ni s hi ngsa nds houl deffec t i v el ymea nt ha tl a ndl or dswi l l l a ndl or dc a nma k ea na nnua l e l e c t i ona st owhe t he rhec l a i mst he bea bl et oc l a i ma l l a l l owa bl ee x pens esa st heya r i s e . I twi l l bei nt er we a ra ndt e a ra l l owa nc eorr e ne wa l sba s i s( s e ebe l ow) . es t i ngt os eehowt her emov a l ofwea ra ndt ea ra l l owa nc ea ndr ei nt r oduc t i onoft her enewa l sba s i swi l l a ffec thowl a ndl or dsf ur ni s h Al a ndl or dwhol e t sf ur ni s he dpr ope r t yi sa bl et oc l a i mt hewe a r p r o p e r t i e s a n d t k i t c h e n s e t c e t e r a ndt e a ra l l owa nc e . F ur ni s he dpr ope r t yi sdene da sonewhi c ht he t e na ntc a noc c upywi t houtpr ov i di nga nyf ur ni t ur eof t he i rown. Me r e l ypr ov i di ngmi ni ma l f ur ni t ur ewi l l notma k eapr ope r t ye l i gi bl e . We a ra ndT e a rAl l owa nc ei sc a l c ul a t e da tar a t eof 10%of r e nt sr e c e i v e dl e s swa t e rr a t e sa ndc ounc i l t a xl i a bi l i t i e sme tbyt hel a ndl or dont het e na nt ’ sbe ha l f . T hea l l owa nc ei si nt e nde dt opr ov i dea r e l i e f f ore x pe ns e si nc ur r e doni t e msape r s onwoul dnor ma l l ypr ov i dei na nunf ur ni s he dpr ope r t y ; s uc ha sc a r pe t s , c ur t a i ns , be ds , t a bl e s , s e a t i ng, whi t egoodsa ndt e l e v i s i ons
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Ne ws l e t t e r EdgeNews Edget eamsupwi t hCent ur i onVAT E dgeT a xL L Pha st e a me dupwi t hV ATe x pe r t sCe nt ur i onV ATt o a dv i s ey ouonma na gi ngy our V ATa ndt a xr i s kt hr oughbr e a k f a s t s e mi na r si nCa r di ffa ndBr i s t ol . Our r s ts e mi na rt ookpl a c el a s t We dne s da y( 23r dS e pt e mbe r ) a ndt hene x twi l l bet a k i ngpl a c e on29t hS e pt e mbe ri nCa r di ff. T hes e mi na r sc ov e r “ howt o ma na gey our V ATa ndt a xr i s k ” ; at opi cwhi c hi se s s e nt i a l t oa l l bus i ne s sowne r sduet oHMRC’ sc r a c k downont a xa v oi da nc ea nd t henumbe rof e nqui r i e sont hei nc r e a s e . T hes e mi na rwi l l a l s o gi v ey out heoppor t uni t yt one t wor kov e rbr e a k f a s ta ndma k e s omene wbus i ne s sc onne c t i ons . T hes e mi na r swi l l bel e dbyour Ma na gi ngPa r t ne ra ndr i s kma na ge me nts pe c i a l i s tAnt onL a ne , a nda wa r dwi nni ngV ATe x pe r t sL i zMa he ra ndJ ul i eRa wl i ns onS mi t h. I f y oumi s s e doutont he s es e mi na r sbutwoul dl i k et o bek e pti nf or me dof f ut ur es e mi na r sa nde v e nt spl e a s ee ma i l our Ma r k e t i ngE x e c ut i v e , Ki r s t yDa ni e l ; k da ni e l @e dget a x . c om.
Rec r ui t ment L ook i ngf orane wc a r e e roppor t uni t y ?Wea r er e c r ui t i ngf ora numbe rofr ol e sa tt hemome nti nc l udi ngat a xma na ge ra nd a na c c ount a nt . F ormor ei nf or ma t i ona boutt her ol e spl e a s e v i s i tourc a r e e r spa gehe r eorc ont a c tusf orf ur t he ri nf or ma t i on; byphone01454777831, ore ma i l i nf o@e dget a x . c om.
Ant onandJ er omet akeont henewBr i s t ol +Bat hMar at hon f orBr andonT r us t T hi sOc t oberAnt ona ndJ er omewi l l bet a k i ngony eta not her t nes sc ha l l enge , t a k i ngpa r ti nt hebr a ndnewBr i s t ol t oBa t hma r a t hon! T henewma r a t honi ss ett obec ha l l engi ngonewi t hma ny hi l l si nv ol v ed!T heywi l l bedoi ngt hi st or a i s emoneyf orourc ha r i t yoft hey ea r–Br a ndonT r us t . Pr ev i ousc ha l l engesAnt ona nd J er omeha v et a k enonf orBr a ndonT r us ti nc l udet heL ondonMa r a t hon, t heGr ea tWa l l ofChi nat r eka nda bs ei l i ngt heAv onGor ge . Br a ndonT r us ta r eal oc a l c ha r i t ywhos uppor ti ndi v i dua l swi t h l ea r ni ngdi s a bi l i t i esa nda ut i s m. T heya i mt ogi v et hepeopl et hey s uppor ta smuc hf r eedom a ndi ndependenc ea spos s i bl e . T heydo t hi sbypr ov i di ngt hem wi t hl i v i ngs ol ut i onss uc ha sr es i dent i a l c a r ea nds uppor t edl i v i ng, a swel l a spr ov i di ngempl oy mentt r a i ni ngoppor t uni t i esa ndl ei s ur ea c t i v i t i es . E dgea r enowi nt hei r s ec ondy ea rofs uppor t i ngt heBr i s t ol ba s edc ha r i t ya ndc hos et o s uppor tt hem ha v i ngs eent hea ma z i ngwor kt heydof ort he peopl et heys uppor t . T os uppor tt hem ont hi sc ha l l engef orBr a ndonT r us t , pl ea s es pons ort hem her e: ht t ps : / / www. j us t gi v i ng. c om/ E dgeT a x L L P3/orbyt e x tET AX99 f ol l owedt hea mounty ouwi s ht ogi v ee . g. ET AX99£5, t o70070. F ormor ei nf or ma t i ononBr a ndonT r us tpl ea s ev i s i t : ht t p: / / www. br a ndont r us t . or g/ I fy out oowoul dl i k et ogety ourbus i nes si nv ol v edwi t hs uppor t i ngt hi sf a nt a s t i cc ha r i t ypl ea s ec ont a c tE r i nL a wt on, er i n. l a wt on@br a ndont r us t . or g.
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