Recent News & Events

Free Seminar on Private Client Tax Developments – London – 13th of November 2019

Old Square Tax Chambers hosted an afternoon seminar where James Kessler QCHarriet Brown, and Rebecca Sheldon were speaking on Recent Developments in Private Client Tax.

Copies of the speakers’ notes are now available to download here and for the recording here

The seminar was held from 15.45 – 20.00 on 13 November 2019 in The Old Hall, Lincolns Inn.

Seminar Timetable

15:45 – 16:15 Tea & Coffee

16:15 – 16:50Harriet Brown will be speaking on EU Private Client Update

16:50 – 17:25: Rebecca Sheldon will be speaking on Recent legislative changes

17:25 – 18:00: James Kessler QC will be speaking on The transfer of assets abroad: recent case law

18:00 – 18:15: Questions to the speakers

18:15 -20:00: Drinks 

Drinks will be hosted immediately after the seminar at which you will have an opportunity to meet members of Old Square Tax Chambers.

The seminar is free of charge.

Please let us know if you wish to attend any future seminars by emailing seminars@15oldsquare.co.uk and do feel free to inform any colleagues who might be interested in joining us

Corporation tax loss relief: the loss restriction – article – Sarah Squires

The Tax Journal recently published part 2 of a practice guide on corporation tax loss relief written by Sarah Squires. Whilst part 1 focused on the various categories of corporation tax loss relief  available to companies following the 2017 reforms, part 2 considers the loss restriction introduced in April 2017, the impact of the deductions allowance and related compliance.

A copy of her article can be found here.

The article was published in the Tax Journal on 11 October 2019 and is reproduced here with the kind permission of the publishers. All rights reserved.

Old Square Tax Chambers ranked as a leading set

Old Square Tax Chambers is  delighted to have been ranked in the 2020 edition of Chambers UK Bar. Individual members have been highlighted in the areas of Tax, Tax: Private Client, Tax: Indirect and Charities

The commentary notes that Old Square Tax Chambers “enjoys an excellent reputation for its private client tax work.

Our clerks have also been commended for providing a “good and efficient service” and being “very commercial and very well organised.”

Thank you to Chambers & Partners and all those clients who provided references.

Rankings can be viewed here.

18 October 2019

All or nothing – Tax Adviser

Rebecca Sheldon has published a new article in Tax Adviser magazine entitled “All or Nothing” on Embiricos v HMRC [2019] UKFTT 236 (TC). This is an important recent case concerning when a partial closure notice can be issued, with the taxpayer successfully represented by James Kessler QC and Ross Birkbeck. The article can be accessed here.

Free Seminar on Revenue Powers – London – 17 October 2019

Old Square Tax Chambers hosted an afternoon seminar on the 17th of October 2019 where Robert Venables QC, Mary Ashley, and Patrick Boch were speaking on Revenue Powers.

The Seminar was held from 15:45 PM – 20:00 PM on the 17th of October 2019 in The Old Hall, Lincolns Inn.

Copies of the speakers’ notes are now available to download here.

Seminar Timetable

15:45 – 16:15 Tea & Coffee

16:15 – 16:50: Patrick Boch spoke on Avoidance-related penalties and “disqualified advice”

The new penalty provisions on “errors related to avoidance arrangements”

Presumption of ‘culpability’ in such cases

Inability of the taxpayer to rely on professional advise which is “disqualified”

Whom will the rules affect (do you need to worry about them)?

How to ensure advice is not “disqualified”

16:50 – 17:25: Mary Ashley spoke on Recent cases on Revenue Powers

Follower Notice (R. (on the application of Haworth) v Revenue and Customs Commissioners and Giulio Corrado v the Commissioner for Her Majest’s Revenue & Customs)

Investigations (R. (on the application of JJ Management LLP) v Revenue and Customs Commissioners and Hunter v Revenue and Customs Commissioners)

17:25 – 18:00: Robert Venables QC spoke on Developments in DOTAS and DOTAS II

Recent Cases on DOTAS I (2004)

The elements of the new DOTAS II which will come into force in 2020 but will be retrospective to 2018.

18:00 – 18:15: Questions to the speakers

18:15 -20:00: Drinks

Drinks will be hosted immediately after the seminar at which you will have an opportunity to meet members of Old Square Tax Chambers.

The seminar is free of charge.

Please let us know if you wish to attend any future seminars by emailing seminars@15oldsquare.co.uk and do feel free to inform any colleagues who might be interested in joining us

MBL Seminars – 2019 Annual Corporate Tax Conference – Sarah Squires

Sarah Squires has been invited to speak at the MBL Seminar’s annual conference on current tax topics, which is being held in London on the 30th of October 2019. Sarah will be talking about the proposed changes to relief for carry forward capital losses, which were announced at last year’s budget.

For more information,including how to register for the seminar, please see here.

Corporation tax loss relief – article – Sarah Squires

The Tax Journal recently published a practice guide on corporation tax loss relief written by Sarah Squires, focusing on the various categories of corporation tax loss relief now available to companies following the 2017 reforms.

A copy of her article can be found here.

The article was published in the Tax Journal on 6th September 2019 and is reproduced here with the kind permission of the publishers. All rights reserved.

2019 Chambers UK Bar Awards

Old Square Tax Chambers is delighted that Rory Mullan has been nominated for ‘Tax Junior of the Year’ in the 2019 Chambers UK Bar Awards being held at The London Hilton Park Lane on Thursday 31st October.

 

British Tax Review: Finance Act 2019 Notes – Sarah Squires

Sarah Squires is among the contributors to the British Tax Review’s Finance Act Notes 2019, commenting on the changes to the taxation of non-residents that invest in UK property. Her note considers the new Schedule 5AAA Taxation of Chargeable Gains Act 1992 and its application to UK property rich collective investment vehicles (CIVs).

The article can be accessed here.

(This material was first published by Thomson Reuters, trading as Sweet & Maxwell, 5 Canada Square, Canary Wharf, London, E14 5AQ, in the British Tax Review as  “Section 13: disposals by non-UK residents etc; and Schedule 1, paragraph 21: Schedule 5AAA to the Taxation of Chargeable Gains Act 1992—UK property rich collective investment vehicles etc” in Issue 3, 2019 and is reproduced by agreement with the publishers)

CIOT Autumn Residential Tax Update Conference 2019 – Sarah Squires

Sarah Squires will be among the speakers at this year’s CIOT Autumn Residential Tax Update Conference.   Sarah will be speaking about the changes made in  Schedule 5 to the Finance Act 2019 to move non-resident company landlords into the charge to corporation tax from April 2020.

The conference is held  at the University of Warwick and runs from 6 – 8 September 2019. For more information about the conference, please see here.