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Tax Services - Edwin Coe
- 1. edwincoe.com Charities & Non-profit Construction Corporate & Commercial Employment Financial Services & Regulatory Immigration Insolvency & Restructuring Insurance Litigation Intellectual Property International IT & Media Litigation & Dispute Resolution Private Client Property Tax Services I cant thank you enough for having steered me through such a complicated business and with such patience and good humour at all times as I wouldnt have known where to begin. Evelyne Private Client We have a market leading understanding of onshore and offshore tax matters and utilise our prior experience, gained both whilst working for HMRC and in the private sector, to provide bespoke solutions to clients based in the UK and overseas. Our services include: Tax investigations Tax advisory services Tax compliance. Legal Professional Privilege The advice we provide is governed by Legal Professional Privilege (LPP), something which is not available to firms of accountants or tax advisers, and as such guarantees our clients absolute discretion and confidentiality. Tax Investigations Being subjected to a tax investigation by HMRC is a stressful experience and it is advisable to seek professional representation at the earliest opportunity. Our tax disputes team has detailed knowledge of HMRC tax investigation procedures and offers expert advice and support to taxpayers who are subject to HMRC investigation. These investigations can range from basic points to complex investigations, including matters which are considered to be tax avoidance (COP8) or tax evasion (COP9/Contractual Disclosure Facility (CDF)). Members of the team were part of the consultation group set up by HMRC to define the terms and practicalities of the CDF process. With an in-depth understanding of the offshore market we are regularly instructed by clients with international structures or banking relationships. We have successfully negotiated numerous favourable settlements for individuals who have been subject to investigation. This includes assisting clients who have money abroad which is undeclared and who are considering applying for one of HMRCs offshore amnesties to get their tax affairs in order. The team includes one of the UKs foremost practitioners in this area who has successfully advised many clients regarding the Offshore Disclosure Facility (ODF); the New Disclosure Opportunity (NDO), the UK/Swiss tax agreement and the Liechtenstein Disclosure Facility (LDF). Apart from being stressful and distressing, tax investigations are time consuming. By allowing us to act on your behalf, you will not only give yourself the best possible chance of achieving a successful outcome, protecting your assets, and reducing the possibility of the investigation spreading, you will be able to focus your time and energy on the things in life that matter to you. We guarantee absolute discretion. Liechtenstein Disclosure Facility We have a long history of resolving offshore and onshore tax issues with HMRC to the best advantage of our clients, and are well versed in the preparation of submissions under the terms of the Liechtenstein Disclosure Facility (LDF). We are a preferred supplier of a number of major private banks and wealth managers, who trust in our ability to deliver results for all parties concerned. The deadline for opting into the Liechtenstein Disclosure Facility is 31 December 2015. If you are considering this, please speak to a member of our tax team, who will be happy to advise and guide you in this process. Because the terms of the LDF are so favourable, HMRC has no appetite to extend the deadline passed 31 December 2015. Alternatively, for more information on the LDF, who can take advantage of it and a brief overview of the process involved, please ask for a copy of our separate factsheet. Advising taxpayers on the co-ordination and management of their tax affairs. Tax Services
- 2. For further information please contact Frank Strachan on +44 (0)20 7691 4000 or e-mail a team member direct: firstname.surname@edwincoe.com For individual profiles please visit our website: www.edwincoe.com Our Senior Team Edwin Coe LLP is a Limited Liability Partnership, registered in England Wales (No.OC326366). The Firm is authorised and regulated by the Solicitors Regulation Authority. A list of members of the LLP is available for inspection at our registered office address: 2 Stone Buildings, Lincolns Inn, London, WC2A 3TH.Partnerdenotes a member of the LLP or an employee or consultant with the equivalent standing. Edwin Coe LLP 2 Stone Buildings Lincolns Inn London WC2A 3TH t: +44 (0)20 7691 4000 e: law@edwincoe.com edwincoe.com Tax Advisory Services We provide advice to clients seeking to ensure that their tax structuring is up-to-date and meets their requirements. Our advice is wide ranging, from helping clients to understand how inheritance tax may affect their estate, to advising on international structuring for families with global wealth. Our tax team is currently advising clients on the following areas: Updates to taxation of non-domiciles arising from Summer Budget 2015 announcement The Annual Tax on Enveloped Dwellings (ATED) Offshore and onshore trusts Pre UK arrival tax planning, including Tier 1 Investor visa applicants UK exit tax planning Residential and commercial UK property purchasing Domicile (including provision of domicile opinions) Advice to offshore trustees regarding UK beneficiaries and distribution Gifting to future generations and inheritance tax. How to extract yourself from tax avoidance schemes via settlement opportunities By taking steps early clients benefit from significant tax savings in a low risk and compliant environment. Our practice is built on providing bespoke solutions to clients and we will never look toward aggressive pre-packaged tax products. We seek to cut through the complexity of tax and provide workable solutions explained in plain english. Tax Compliance Our personal tax compliance service compliments our wider Private Client offering, allowing us to provide a 360 degree service to our clients. The current drive to levy significant penalties on those taxpayers who submit incorrect entries on their tax returns has placed a further burden on taxpayers. Tax compliance (the completion of tax returns) must now be given the due care and attention it deserves. A simple, incorrect entry can incur penalties from 15% upwards. Penalties for putting incorrect entries on tax returns are draconian and we have seen instances where failure to instruct professionals to complete a tax return has been regarded by HMRC as careless and consequently penalties have been levied for the most basic of errors. It is therefore vital that taxpayers dedicate sufficient time and consideration to the completion of tax returns. Working Collaboratively We work in tandem with the client, their family and their wealth managers. We believe that a collaborative approach to future tax structuring is vital ensuring all parties are working as one to meet the clients needs. To this end we work closely with colleagues in our Private Client Group as well as other established external advisers to ensure that clients tax structuring is properly considered from all relevant tax and legal angles. Where appropriate we will introduce you to colleagues in other Edwin Coe departments such as property, immigration, employment, and intellectual property. We are seeking to establish multi-generational relationships with our clients and their family. I would like to thank you for all your help with the LDF and for persevering to ensure that everything was handled smoothly and speedily. Elizabeth, Private Client You made the whole process so easy for us. Id have no hesitation in recommending you. Michael, Managing Director You totally delivered on what you promised thank you. David, Private Client Frank Strachan Head of Tax Services t: +44 (0)20 7691 4136 Sean Bannister Partner t: +44 (0)20 7691 4135 Hetal Sanghvi Senior Associate t: +44 (0)20 7691 4190 Kieron Clement-Smith Associate t: +44 (0)20 7691 4134