Recent News & Events

Old Square Tax Chambers listed in ‘Chambers Global’ directory 2018

Chambers directory notes:  Old Square Tax Chambers is well known for handling taxpayer-side litigation. Members of the set are often instructed in high-profile and sophisticated tax cases, frequently involving ultra high net worth individuals. Counsel at Old Square Tax also have strong advisory practices.

The clerks at Old Square Tax Chambers are repeatedly praised by interviewees. “They are excellent and very efficient,” says one source. “They always call back and do everything they need to do and on a timely basis. I recommend them all.”

James Kessler QC listed in ‘Chambers Global’ directory 2018

Chambers directory notes:  “James writes far and away the best book on the taxation of non-doms and is very widely respected because of that. He has built up a huge respect. He does not blow his own trumpet, and it’s quite right that other people should blow it for him. He very much deserves his place.” “He’s the go-to man for advising on offshore taxation involving non-doms, not least because he’s written a leading textbook on it.”

James is head of Old Square Tax Chambers.

Sarah Squires

Old Square Tax Chambers are pleased to announce that Sarah Squires has now completed pupillage and is able to take Instructions.

If you wish to instruct Sarah, please contact her clerks on 0207 242 2744 or via email at taxchambers@15oldsquare.co.uk.

Adapting the corporate tax system for the digital economy ~ Sarah Squires

Sarah Squires was recently featured in LexisNexis discussing the recent HM Treasury position paper on corporate tax and the digital economy.

A copy of the interview* can be seen here.

*This interview was first published on Lexis®PSL on 3 January 2018, and is reproduced with the kind permission of the publishers. All rights reserved.

Finance Act 2018 – and Beyond – Key Haven Seminar

Finance Act 2018 – and Beyond

An All-Day Two-Part Seminar at The Law Society’s Hall, London WC2A

Wednesday March 14th 2018

Delegates may register for either or both parts.

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By the date of the seminar, the current Finance Bill will have become law – the third in less than twelve months.

The seminar will deal with changes – actual and proposed – to tax law in the following areas:

* Trusts, Settlements and Transfers of Assets Abroad (including deemed domicile)

* Disguised Remuneration (including April 5th 2019 Charge)

* Partnership Taxation

* Anti-Avoidance for Traders and Professionals (including April 5th 2019 Charge)

A panel of barristers will discuss tax planning in the light of recent Finance Acts and likely future changes.

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Speakers

Robert Venables Q.C. (Chairman)

James Kessler Q.C.

Rory Mullan

Harriet Brown

Setu Kamal

Sarah Squires

All the speakers are from Old Square Tax Chambers, Lincoln’s Inn, WC2A 3UE, 020 7242 2744, taxchambers@15oldsquare.co.uk

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TIMETABLE

09.00 Delegate Registration

09.30 Chairman’s Introduction followed by

Disguised Remuneration 1 – Robert Venables Q.C.

The Rangers Decision as a Defence to a Part 7A Charge – New Close Companies Gateway –

10.15 Taxation of Partnerships – Sarah Squires

Trusts as Partners: Bare Trusts – Non-Bare Trusts.  Indirect Partners.  Allocation of Partnership Profits and Losses: Finance Act 2018 Rules – Other Changes Proposed in 9th August 2016 Consultation document

10.50 Discussion Session with Refreshments

11.05 Trading Income Through Third Parties – Setu Kamal

New Finance (No 2) Act 2017 Anti-Avoidance Provisions – Finance Bill Provisions re April 5th 2019 Charge

 

11.45 Disguised Remuneration 2: the April 5th 2019 Charge – Robert Venables Q.C.

When will it Bite? – Who will be Liable for the Charge? – Liability of Employee – Indemnity Against Employee by Person Liable – Reporting Requirements Even When No Charge – Is a Charge Inevitable?

12.30 Panel Session and Questions to Speakers

13.00 Close of Morning Session – Buffet Lunch for all attendees full day, morning and afternoon parts

13.30 Registration for those attending Afternoon Session only

14.00 Chairman’s Introduction to Afternoon Session

14.05 The New Close-Family Rules – James Kessler Q.C.

Capital Gains Tax and Non-UK Resident Trusts (TCGA s.87G – 87H ) – Income Tax Settlement Provisions (ITTOIA s.643A – 643H) – Income Tax Transfer of Assets Abroad Provisions (ITA s.733A – 735B) – Planning Points

14.50 Settlements Anti-avoidance Rules Concerning Onward Gifts -Rory Mullan

New rules in s.87I-87N TCGA 1992, 643I -643N ITTOIA 2007 and 733B-733E ITA 2007 – When is an onward gift made? – Scope of the rules and extent of potential liabilities – Commencement and application of the new rules

15.35 Disregard of Capital Payments From Settlements – Harriet Brown

• disregard of payments: purpose and intention • Payments to non-residents • Payments in year settlement ends • Payments received by close family members  • Interaction with other provisions

16.20 Discussion Session with Refreshments

16.35 Planning Through Offshore Trusts and Companies Post Finance Act 2018 – Robert Venables Q.C.

Planning  for Those Not Yet (Deemed) United Kingdom Domiciled and / Or Resident –

17.00 Panel Session and Questions to Speakers

17.30 Close of Seminar

Delegate Fees

£800 + VAT (£160) = £960 for both sessions

£500 + value added tax (£100) = £600 for either the morning or afternoon session

Early booking fee for bookings received before February 14th

£700 + VAT (£140) = £840 for both sessions

£450 + VAT (£90) = £540 for either the morning or afternoon session

Please Contact aw.khpplc@khpplc.co.uk for booking, Terms or further information or visit our website at www.khpplc.co.uk

 

Buying a flat with bitcoin ~ Article by Etienne Wong and Sarah Squires

Etienne Wong and Sarah Squires recently co-authored an article for the Tax Journal’s “Ask an Expert” feature about certain tax issues around using Bitcoin to buy a property. A copy of the article can be found here*.

*This was first published in the Tax Journal on  25 January 2018 and is reproduced with the kind permission of the publishers.  All rights reserved.

Etienne Wong – Upcoming Events

Etienne Wong will be presenting webinars with MBL Seminars.

Details of these webinars can be found here.

Notes available – Free Seminar – The GAAR, DOTAS and Accelerated Payments Notices – Recent Developments in Legislation, Case Law and HMRC Practice – 30 January 2018

Notes are now available following the Old Square Tax Chambers afternoon seminar hosted on 30 January 2018 where Robert Venables Q.C., Patrick Cannon and Mary Ashley spoke on The GAAR, DOTAS and Accelerated Payments Notices – Recent Developments in Legislation, Case Law and HMRC Practice.

The seminar timetable can be seen below:

4.15 – 4.50       Patrick Cannon spoke on GAAR Updates212A penalty for counteracted arrangements, provisional counteraction and binding notices, penalties for enablers of defeated avoidance, GAAR Panel opinions etc

4.50 – 5.25       Mary Ashley spoke on DOTASchanges made by the Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) (Amendment) Regulations (SI 2016/99) and HMRC’s use of its powers under Finance Act 2004 sections 306A and 314A.

5.25 – 6.00       Robert Venables Q.C. spoke on Developments in Accelerated Payments Notices and will address the Court of Appeal decisions in Rowe and Vital Nut (December 12th 2017); New Hope for Taxpayers – HMRC’s new APN strategy using GAAR pooling and binding notices; and pre-emptive and ex post facto strategies for taxpayers

Corporation Tax Loss Reforms – MBL Seminars ~ Sarah Squires

Following on from the seminars that Sarah Squires gave on the new corporation tax loss reforms in 2017, MBL have invited Sarah to repeat her presentation in the following places:

Nottingham (15 February)
Manchester (22 February)
Leeds (8 March)
Birmingham (11 April)
London (26 April)
Bristol (10 May)
Edinburgh (21 May)
Cambridge (10 July)

For more information, including how to register for the seminars, please click here.

VAT in 2017: endings, beginnings and other twists ~ Article by Etienne Wong

Etienne Wong recently had an article published in the Tax Journal, a copy of the article* can be seen here.

*This article was first published in the 15 December 2017 issue of the Tax Journal, and is reproduced with the kind permission of the publishers. All rights reserved