What's on in tax: July edition
By Justine Riccomini, Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community)
1 July 2019
Justine Riccomini advises on the key tax webinars, seminars and learning opportunities that CAs and tax professionals should be aware of in July, August and the months ahead.
11 - 23 July 2019
ICAEW webinar on 24 July on devolved taxes – Presented by Charlotte Barbour and Frank Haskew
The devolution of tax powers to Scotland, Wales and Northern Ireland differ – in timing and in nature. They also offer a surprisingly complex set of arrangements. This webinar sets out to provide an overview of the devolved tax powers and pointers to areas where care needs to be taken when advising clients across the UK. This session considers:
- An overview of the devolved tax powers
- Fully devolved taxes - exercised over land transactions and landfill.
- Shared or partially devolved tax - such as CT in NI or Income Tax in Scotland and Wales.
- Assigned VAT.
- Operational issues that arise in 2019/20 based on the Scottish experience.
- Some questions, observations and recommended policy priorities.
- Horizon scanning ....... new taxes?
- A question and answer session.
You can book onto the Devolved Taxes Webinar by visiting the event booking page.
Edinburgh Tax Network - 25 July 2019
The Edinburgh Tax Network, in conjunction with Terra Firma Chambers, will present a seminar entitled “Construction Industry VAT – an Update: including Reverse Charge on Construction Services (Goods?)” on Thursday 25 July 2019 at the Mackenzie Building, Old Assembly Close, Edinburgh.
The speaker is Nigel Roberts, ATT, Director of VAT and indirect taxes, Johnston Carmichael.
Nigel heads Johnston Carmichael’s VAT and indirect taxes team. With over 30 years experience, Nigel started his career with HMRC followed by a number of senior roles in “Big 4” advisory firms and a spell as Head of VAT and operational taxes at a global financial services group. This breadth of experience allows him to bring a broad perspective on VAT matters to all his clients. The points to be covered are:
An overview of the changes and the reason behind their introduction; Who and what will be caught; VAT accounting and documentation; The commercial impact on the construction supply chain; What needs to be done to prepare ?
Registration will commence at 12.30pm with the seminar starting at 1pm. There is no charge for attendance, however, booking is necessary - to reserve a space at this event please email Emma Potter.
HMRC Talking Points for your diary are as follows
Negligible Value Claims & Share Loss Relief
This webinar looks at certain conditions that must be met for your clients to claim an asset has become of negligible value. It will also give an overview of share loss relief.
The Disguised Remuneration Loan Charge – reporting requirements and compliance
This webinar will give an overview of the loan charge reporting requirements for those who are subject to the loan charge. It will also look into some of the compliance activity associated with the loan charge.
Making Tax Digital – your agent services account
These webinars will provide the latest information, including the new agent services account and signing clients up to Making Tax Digital.
Stamp Duty Land Tax – higher rates for additional dwellings
Feedback for previous webinar presentations have suggested that customers would like more focus on specific areas of the higher rate for additional dwelling rules. This presentation will focus on the 4 conditions A to D to improve and consolidate understanding.
Looking Ahead
ICAS Current Tax for Busy Practitioners
This popular course will run in September and we hope to see you there. Chaired by Charlotte Barbour, Director of Tax at ICAS and with tax experts, Philip McNeill, Helen Thornley and Michael Steed, a range of current tax issues will be discussed.
This session is an excellent opportunity for you to share experiences and your tax questions with fellow practitioners. It’s also a chance to have a day of in-depth updating of technical knowledge. The key tax changes taking place in 2019 will be highlighted.
- 10 September 2019, Glasgow
- 11 September 2019, Aberdeen
- 12 September 2019, Inverness
- 13 September 2019, Edinburgh
CIPP | Scottish National Conference and Exhibition
The Chartered Institute of Payroll Professionals will host their annual exhibition in September, including speeches from Justine Riccomini, ICAS Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community) who will be discussing how Scottish and Welsh Income Tax relates to the rest of the UK.
Consultations
The ICAS Tax team responds to many consultations on tax issues and welcomes members' views to assist in preparing responses. If you have any comments on open consultations let us know. Details of current consultations on tax issues can be found here:
June 20th - 30th 2019
HMRC Talking points dates for your diary are as follows:
PAYE Expenses & Benefits (P11D)
This webinar has been designed to provide examples of the most common entries on the end-of-year expenses and benefits return. HMRC subject matter experts will be online during the webinar to take your questions.
An overview of the Seed Enterprise Investment Scheme (SEIS)
This webinar will cover the SEIS application procedure for companies, key aspects of legislation to be aware of, how investors claim SEIS relief and common errors made by companies and investors.
Edinburgh Tax Network
The Edinburgh Tax Network, in conjunction with Terra Firma Chambers, will present a seminar entitled “Practical aspects of Employee Share Incentives for Private Companies?” on Thursday 27 June 2019 at the Mackenzie Building, Old Assembly Close, Edinburgh.
The speaker will be Karen Davidson of Brodies LLP. Karen has over twenty years’ experience (in legal practice as well as at a senior level in a Big 4 consulting practice) of advising on the structuring and implementation employee/management equity incentive arrangements as well as advising on the tax aspects of mergers and acquisitions, investments and corporate re-organisations. She is ideally placed to speak on this subject.
- 27 June at the Mackenzie Building, Old Assembly Close, Edinburgh: Registration will commence at 12.30pm with the seminar starting at 1pm. There is no charge for attendance, however, booking is necessary - to reserve a space at this event please email Emma Potter.
Looking ahead
ICAS Current Tax for Busy Practitioners
This popular course will run in September and we hope to see you there. Chaired by Charlotte Barbour, Director of Tax at ICAS and with tax experts, Philip McNeill, Helen Thornley and Michael Steed, a range of current tax issues will be discussed.
This session is an excellent opportunity for you to share experiences and your tax questions with fellow practitioners. It’s also a chance to have a day of in-depth updating of technical knowledge. The key tax changes taking place in 2019 will be highlighted.
- 10 September 2019, Glasgow
- 11 September 2019, Aberdeen
- 12 September 2019, Inverness
- 13 September 2019, Edinburgh
CIPP | Scottish National Conference and Exhibition
The Chartered Institute of Payroll Professionals will host their annual exhibition in September, including speeches from Justine Riccomini, ICAS Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community) who will be discussing how Scottish and Welsh Income Tax relates to the rest of the UK.
Consultations
The ICAS tax team responds to many consultations on tax issues and welcomes members’ views to assist in preparing responses. If you have any comments on open consultations let us know. Details of current consultations on tax issues can be found here:
Vacancy for a specialist adviser at the House of Lords
The House of Lords Economic Affairs Finance Bill Sub-Committee is recruiting a new specialist adviser. The deadline for applications is Friday 14 June. View details