Old Square Tax Chambers hosted an afternoon seminar where Robert Venables QC, Harriet Brown and Patrick Boch discussed the Taxation of Trusts.
The seminar was held from 16:00 on Wednesday 31st October 2018.
The notes are now available to download from here.
This seminar is free of charge.
16:15 – 16:50 Harriet Brown – Halloween Horrors: Terrible Trust Tax Trip-Ups Taken From Case Law and Practice
IHTA, Schedule A1: things you might not have noticed – Requirement to correct: what can be done now? – Barclays Wealth Trustees: a few points to take away – IHT DOTAS – FATCA conviction – Thompson v Thompson: estoppel and inheritance – Singh and ors v Sebastian Ash: proving intentions in rectification
16:50 – 17:25 Patrick Boch – The transfer of assets abroad escape clause – any room for manoeuvre?
Overview of the TAA provisions – the escape clause (s 737 ITA 2007) – what is “avoiding”? – what is a “purpose”? – application to a trust scenario – overview of the EU law defence.
17:25 – 18:00 Robert Venables QC – Employee Benefit Trusts – Are They Still Worthwhile?
IHT and CGT Advantages post Barker v Baxendale-Walker – Taxation of Employees on Contributions to Trust post Murray – Provision of Capital Sums for Employees without Disguised Remuneration Charge – the April 5th 2019 Employee Loan Charge – Deductibility of Contributions to Trust for Employer.
Following on from the seminars that Sarah Squires gave on the new corporation tax loss reforms earlier in 2018, she will be speaking again for MBL at the following:
Leeds (8 November)
London (4 December)
For more information, please click here.
Etienne Wong has recently updated his Practice Note on Sukuk – investment bond arrangements and UK VAT, a copy of the updated Practice Note* can be seen here.
*This article was first published on Lexis®PSL Tax in 2014 and updated in the autumn of 2018, and is reproduced with the kind permission of the publishers. All rights reserved.
Robert Venables QC, James Kessler QC and Ross Birkbeck will be among the speakers for Key Haven Publication’s Two-Silk Afternoon at The Law Society’s Hall, London WC2A on Tax Planning for 2019.
The seminar will be held on 14 November 2018, with further information available here.
Philip Simpson, Q.C., successfully appeared for the taxpayer in the recent case of Character World Limited v. HMRC. It concerned whether slankets (items made out of fleece material, in the shape of blankets but having sleeves) attracted zero-rating on the basis that they were clothing designed for young children. It was agreed between the parties that the size made them suitable for young children (as did the design, which was of various well-known cartoon and other characters). The question was whether they were ‘designed as clothing’). The First-tier Tribunal agreed that slankets were designed to be worn, and accordingly that they were to be zero-rated.
A copy of the judgment can be seen here.
Etienne Wong recently had his article entitled “Totel: pay now, argue later” published in The Tax Journal.
A copy of the article* can be seen here.
*This article was first published in the 7 September 2018 issue of the Tax Journal, and is reproduced with the kind permission of the publishers. All rights reserved.
Etienne Wong will be amongst the panel members at a two-day conference hosted by Tax Congress For Financial Institutions, being held on 18th – 19th September 2018 at the Millennium Gloucester Hotel.
TCFI brings together the most dynamic organisations and influential leaders from the tax departments, giving the opportunity to make a direct impact on the tax landscape by connecting with regulators from organisations like HMRC and OECD.
For further information and booking, please click here. (Please use discount code SPK20DS for 20% off).
(Please note the prices apply to delegates only, and delegate places are open only to financial institutions. Please contact TCFI separately if you are joining as a vendor or service provider, i.e. software providers, technology providers, consultancies, outsource providers, brokers, custodians and investment banks. Osney Media reserves the right to cancel your place and refund your payment if the incorrect ticket has been purchased.)
Old Square Tax Chambers are pleased to announce that we have been shortlisted for Chambers of the Year at the STEP Private Client Awards 2018/19.
Repayment of overpaid VAT for groups of companies (Revenue and Customs Commissioners v Taylor Clark Leisure plc)
Etienne Wong has recently had an article published by LexisNexis entitled “Repayment of overpaid VAT for groups of companies (Revenue and Customs Commissioners v Taylor Clark Leisure plc)“.
A copy of the article* can be seen here.
*This article was first published on Lexis®PSL Tax on 18 July 2018, and is reproduced with the kind permission of the publishers. All rights reserved.