As we are only too aware many former clients of Tenon, were recommended by their accountants to make settlements into EBT’s. These clients have been left in a bit of a hiatus following the Administration of Premier Strategies Ltd – we know from the many telephone calls and feedback that they have feel exposed, uncertain and insecure in the period since administration.
We have been trying to secure information regarding future defence arrangements on all tax strategies implemented by Premier Strategies, particularly those that relate to EBT’s.
We believe that all Premier clients (irrespective of which tax strategy they did) are likely to receive 2 emails in the next week from respectively the administrator, Deloittes and Baker Tilly (the firm which has taken over Tenon).
Whilst we have not seen details or the contents of those e-mails, we are now aware of the parameters in relation to how strategies can be defended in the future.
Although pure conjecture on my part, it’s possible that they will also indicate their intention to defend some or all of the strategies. However we have no confidence in Baker Tilly or the former Tenon tax team to defend you.
We have enabled many clients to extricate themselves from their EBT’s, however there are a lot more that we would like to help but we understand that many are rather shell shocked at the correspondences they have had.
There is still time to get independent, unbiased advice on how to resolve your potential tax strategies, using proven strategies that have consigned many EBT’s to the dustbin of history.
Ray Best can help you protect your financial future. To find out more, simply click here!