With the changes announced in the 2011 Finance Bill and the more aggressive approach undertaken by the HMRC, the landscape in which the general tax practitioners operate is as complex as ever. Our February webinar will examine HMRC’s latest initiatives to ensure compliance. The CIOT has said that the approach taken by the government to prevent tax avoidance through ‘disguised remuneration’ is far too complicated. The legislation includes 14 different tax avoidance tests setting out when the new exclusions will apply. Our April webinar will analyse the very real difficulties employers will face in trying to assess where they stand with this new legislation and discuss whether the legislation will create more problems than solutions.
The Chancellor’s announcement that there will be a consultation on a statutory test for residency is welcomed by many practitioners needing a clarification on this complex area. The consultations on the Statutory Residence Test and taxation of non-domiciled individuals have now been published. Both these proposals are intended to simplify the current system and offer clarity on a previously jumbled and outdated system. We will explore these changes in detail in our May webinar and debate if they offer the transparency required by the market.
Forthcoming Webinars
Here is the schedule of forthcoming webinars for this practice area.
On Demand Webinars
Here is a list of previously broadcast webinars that are now available on demand.
10th Feb 2011
Untangling the complex web of residence and domicile
This session will provide an update on this fast moving field including:
- The domicile review - where will it take us?
- Living with the remittance basis charge rules
- How to cope with changing HMRC guidance on residency issues and where do cases like Gaines-Cooper leave us?
- 'Belt and braces' planning for those who want to be non-resident in the UK
24th Mar 2011
VAT and property
This webinar covers:
- Commercial property and the option to tax
- Constructing and letting residential property
- ‘Relevant residential' property
- TOGCs
- Practical points and elephant traps
27th Apr 2011
Tax investigations
This webinar covers:
- Understanding HMRC's current approach to tackling non-compliance
- How your clients can best avoid an investigation
- Getting the best deal for your clients
22nd Jun 2011
Tax planning for the larger owner managed business
This webinar covers:
- Income extraction strategies
- Update on income shifting
- Effective use of entrepreneurs’ relief in typical deal structures
- Purchase of own shares and retirement exits
- Latest developments
22nd Sep 2011
Tax opportunities of share schemes and share based remunerations
Share schemes are an acknowledged area of complexity, with the Office of Tax Simplification recently writing to the Treasury recommending reform. Our webinar will offer you a clear and concise explanation of what is on offer and provide you with practical tips on how to structure share based incentives.
This webinar covers:
- Tax-efficient government sponsored plans (EMI, CSOPs, SAYE, SIPs)
- Other arrangements intended to secure CGT taxation of growth in value
- Structuring share-based incentives in private companies
- Securing CT relief for share awards and option gains
26th Oct 2011
Tax planning using offshore trusts
Despite the recent criticisms of offshore trusts and the HMRC’s renewed interest in them, they remain a key tool for wealth preservation. Our expert speaker will offer you the most innovative strategies and best tips for tax mitigation, focusing specifically on the questions which are most pertinent for general practitioners.
This webinar covers:
- Use of trusts as tax shelters for non domiciliaries
- IHT planning for ten year charges
- Distributions and capital gains
- CGT planning via offshore will trusts
- Offshore children's trusts
29th Nov 2011
Making the most of capital allowances
HMRC has proposed fundamental changes to the rules for making capital allowance claims on fixtures. The new rules are likely to become legislation in the Finance Bill 2012. If implemented, these proposals will have significant impact on all owners of commercial buildings. Now is the time to review your allowances and ensure that you are making the most of the available tax reliefs. Our webinar will ensure that you are fully up to date on all the opportunities.
This webinar covers:
- Capital allowances opportunities throughout the property lifecycle
- Technical review of integral features, plant and enhanced capital allowances
- Recent and expected changes to capital allowances regime and rates
- Risk management in capital allowances; best advice or negligence - can you afford complacency?
8th Feb 2012
HMRC initiatives
“The amount of extra tax gained through HMRC’s investigations into tax avoidance and evasion has hit a record £16.5 billion” reports UHY Hacker Young. This more aggressive approach to enforcement makes it vital that you are fully up to date on HMRC’s latest initiatives. The proposed new Contractual Disclosure Facility will give individuals, who are believed to have committed serious tax fraud, the opportunity to enter into a contract to divulge the details of wrongdoing in exchange for an agreement by HMRC not to undertake a criminal investigation. Our expert speaker will examine these developments.
This webinar will cover:
• How far will they go?
• Record inspections
• Revenue’s deadlines
• Update on HMRC’s approach to iXBRL
• Use of debt collection agencies – their legal status
• Tax agent strategy
• New Contractual Disclosure Facility
