London | Frankfurt | Madrid | Milan | Rome

MODERN LAWYERSFOR CHANGING TIMES 'a City firm in a non-City location' - Legal 500

MAY
31

New Partners for Lewis Nedas Law

lewis nedas new staffWe are delighted to announce that the following have accepted partnership with the firm;

  1. Unan Choudhury - Serious Crime Expert;
  2. Jeremy Galman - Conveyancing and Commercial Property Specialist;
  3. Richard Greenby - Conveyancing, Property and Insolvency Expert;
  4. James Reilly - Higher Rights Advocate and Serious Crime Defence Specialist;
  5. Sean Reilly - Serious Crime Defence Specialist.

      

Continue reading
  1218 Hits
1218 Hits
MAY
19

New instructions for Lewis Nedas specialist fraud and criminal defence lawyers

  1. HMRC logoJeffrey Lewis has been instructed in more HMRC investigations and prosecutions;
    (a) He is advising a well established commercial landlord with a substantial property portfolio facing a HMRC investigation;
    (b) He is also defending a Company Director who faces trial accused of tax evasion;

  2. Sean and James Reilly are instructed to represent two individuals facing trial concerning allegations of a Sex Abuse conspiracy;

  3. Tony Meisels has been instructed to defend three Company Directors in separate matters investigated by BEIS and the Insolvency Service;

  4. Giovanni Lombardo and Siobhain Egan advise two Company Directors facing an investigation by City of London fraud.
Continue reading
  477 Hits
477 Hits
MAY
18

Jeffrey Lewis interviewed by ITN News 16/05/2017

itn newsJeffrey was asked to give expert advice on the issue of Corporate Manslaughter Prosecutions against NHS trusts. Having had many years successful experience defending major Heath and Safety (HSE) and police investigations/prosecutions (including Corporate Manslaughter and Gross Negligent Manslaughter), he was able to give an update on recent developments, including the new Sentencing Guidelines in this area of law.

 

Continue reading
  511 Hits
511 Hits
MAY
05

New instructions for Lewis Nedas Law specialist lawyers

  1. FraudinvestigationJeffrey Lewis has been instructed in three separate Director Disqualification Proceedings and investigations, brought by The Insolvency Service and BEIS over the last 10 days. Jeffrey has many years of proven successes with these type of proceedings and investigations. He will work with Ian Coupland, Head of our Company Commercial Department on these particular cases;

  2. ACCA Interim Professional Disciplinary hearing success; Siobhain Egan represents a ACCA qualified accountant who is facing serious criminal proceedings in the Crown Court, which concern allegations of fraud within a charity. Our client self reported to the ACCA Disciplinary Committee and the matter was listed for an initial hearing. His advocate was Rishni Nathwani of 5 KBW Chambers, who also represents our client in the forthcoming criminal trial. As a result of intense detailed preparation, the Committee was persuaded not to impose any interim sanction, restriction or suspension order upon our client, after hearing Mr Nathwani's submissions. These focused upon the inherent weaknesses of the criminal case and the defence evidence which we had gathered so far to support his criminal defence at trial. Our client was delighted that he could continue to practice until the outcome of his criminal trial. No order for costs was made against him.

 

If you are facing ACCA Professional Disciplinary Proceedings and require genuinely experienced legal assistance, please contact us on 02073872032 or use our on line enquiry facility here.

Continue reading
  469 Hits
469 Hits
APR
27

Affected by HMRC enquiry into football image rights?

The blaze of publicity surrounding the high profile raids both in U.K.and France on Wednesday 26/4/2017, brings renewed focus on tax avoidance / evasion in Premier league football.

HMRC have described the raids on Newcastle United and West Ham as 'criminal investigations' , and following a request for Mutual Legal Assistance from the French Judicial authorities last year, simultaneous raids and arrests were made in both Countries.

What is it all about?

Apparently and according to various press reports ( The Financial Times ) there are a number of strands to the investigation including the suspicions of 'illicit ' Payments made to players / managers :the use of offshore corporate vehicles for the receipts of monies paid for the use of image or personality , and the concern that such payments are in effect 'disguised remuneration '( avoiding the usual income tax and National insurance rates but availing of heavily reduced Corporation tax rates) Presumably the involvement of the French Judicial authorities implies that the major focus is upon the number of French players / managers who have or are playing in the Premier League and who have been encouraged by their advisers to exploit off shore corporate vehicles .

What are image or personality rights?

Legally these are intellectual property rights surrounding a player or managers image e.g. Trademark , copyright contractual rights , however HMRC are correctly of the view that image or personality rights do not exist in UK law per se - just the intellectual property rights.

The incredible financial value of these 'image rights 'were recognized in the early 2000s and has been highlighted by Wayne Rooney 'image rights ' earnings of £750,000 per an ( disclosed in 2010) and Manchester United's battle with HMRC over a disputed £5.3 million , also in the same year .
Players and / or managers would, upon advice set up Image Rights Companies ( IRCs)and would happily pay the lower Corporation tax of 20% rather than the higher rate personal income tax rate of 45% and National insurance rates, so it was a very attractive proposition for any Premier League player or Manager.

One of the issues, is that not all those who availed of the IRCs were immediately ... er ...recognizable, and their image or personality were not quite as valuable as they may have thought , certainly not according to HMRC.

These investigations have been a long time coming , in December 2016 HMRC informed the Public Accounts Committee reported that their specialist team of investigators were closely looking at 43 players , eight agents and 12 clubs in connection with 'image rights 'payments. (Though The Mail reports that over 200 individuals are under investigation ) The Public Accounts Committee itself reported in January 2017 and concluded that these 'image rights ' arrangements were being exploited for tax avoidance .

The Premier League has set up a 'Voluntary Disclosure ' facility for Premier League clubs to report these arrangements to HMRC in the hope that they will be signed off with HMRCs blessing , the problem is that not all the clubs in that league have signed up to this VDF.

As we highlighted earlier, HMRC have labelled this particular investigation as a criminal investigation into £5million, but is it tax Evasion, which is a criminal offence, or tax avoidance which is not ?
This is of vital importance ... the sentences of imprisonment handed down for tax evasion are huge ( not forgetting the confiscation proceedings that will undoubtedly follow ) However tax avoidance attracts the civil penalty scheme. The Public Accounts Committees conclusions point to tax avoidance.

HMRC investigation and prosecutions - get expert advice

If you are under investigation or you feel that you are likely to be, then you will need immediate expert advice from lawyers equally as familiar with defending HMRC investigation and prosecutions in both the criminal and civil legal jurisdictions.

Jeffrey Lewis has been successfully defending such investigations for over 30 years and works closely with leading specialist barristers and accountants alike.

Please contact Jeffrey on 02073872032 or email jlewis@lewisnedas.co.uk. or use our general onliYou can also use our online enquiry form.

Continue reading
  356 Hits
356 Hits

Accreditations
and Awards

legal 500 uk leading firm 2017 chambers leading firm 2017