Please check this first post regularly for updates
Hello, this is the thread for those that were employed by Edge and have received enquiries or demands from HMRC.
I would encourage you to post here and offer support to each other, however keep in mind that HMRC do read these threads - so anything written, even as a joke, could end up as evidence in a Tax Tribunal.
From a number of posts on this thread it would seem that Edge have shut up shop and are no longer 'trading in the UK'. I believe Michelle Booth now works for Redstone but is taking calls in an unofficial capacity on 0845 591 9552
Advantage Accounts are no longer involved with Edge or the scheme in any way.
There are going to be some stressful times ahead and discussing things with those in a similar position will help a lot.
Remember that EBTs have had strong legal validation in the past and these moves by HMRC come after a number of months of high publicity tax avoidance news. i.e. It is a knee-jerk reaction.
So keep a level head, talk to any professional advisors you take on and help each other out where you can.
For those of you who are looking at appealing (Appeal letter here) and are wanting to minimise penalties and interest should we lose, have a look at CTDs HM Revenue & Customs: The Certificate of Tax Deposit scheme
Some important advice received from Edge:
If you do not appeal, the value of the demand becomes legally enforceable and HMRC will seek payment.
If you elect to pay the demand, it is important to note that this will signal your acceptance of HMRC’s position, that the loan payments were indeed income and HMRC will then have the ability to apply the same rationale to the consecutive tax years that followed i.e. 09/10 and 10/11
Important Update from another thread: HMRC trawling social media to find evidence of tax fraud - 25 Feb 2013 - Computing News
27/5/2013 Update on Rangers case:
There has been a recent update in the Murray Holdings (Rangers FC) vs. HMRC Upper Tribunal tax appeal.
Last week, a date was published indicating that the Upper Tribunal appeal was set to be heard on the 19th of July 2013.
The hearing on the 19th of July is a provisional hearing purely for ‘Directions’ and is not ‘Substantive’ which means it is purely to agree the direction of the appeal and not to hear the actual appeal.
The general consensus amongst tax advisors remains the same, which is, the Upper Tribunal tax appeal is still some way off and we are unlikely to see any further progress on this matter for quite some time.
10/12/2013 Group Representation Update
Please see Norla/Edge Former Employee EBT Self Help Group
There are a lot of posts around group representation. From what I can see there are 2 current options - please PM me if you know otherwise. As I suspect everyone's situation is unique I would recommend contacting both and find out what they are offering as far as services, strategies and costs.
It would be ideal if we could come together as one group, but I think that is a conversation for a later date.
- TheDandy is a former Edge employee and has organised a Edge specific group. He has enlisted the help of tax specialists and I believe is still taking PM's from new posters. Please refer to this post here.
- Saleos is a tax consultant and is looking to represent an Edge specific group. He has done some ground work and is collecting email addresses so that he can update all interested parties at once. He has an introduction post here.
If you have any desire to pursue group representation please
Request PM (private message) access if you don't already have it. You can post a request or contact the admins via this page: http://forums.contractoruk.com/sendmessage.php
PM TheDandy here: http://forums.contractoruk.com/priva...=newpm&u=39502
PM Saleos here: http://forums.contractoruk.com/priva...=newpm&u=41765
then make a decision if you have interest in one or both of the groups and if you are willing to foot the likely costs and advise the organiser(s) accordingly
Simply posting a desire to join a group will not achieve anything.