ADVANCED TAX FOR INSOLVENCY PROFESSIONALS

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1 The Voice of Business ecovery ISSUES SATION DEBT ESTU TUING ADVANCED TA CTUING VAT T X VAT TA DE CES ISSUES DEBT ADE CESSATIO SATION ADVANCESTUCTUINN ADVANCED TA G ED TAX ISSUES VAT TADE C X ISSUES DEB E T DEBT ESTUCSSATION ADVA ESTUCTU NC IN TUING VAT TA ED TAX ISSUE G VAT TAD S DE CES SATION DEBT ES ADVANC ED ADVANCED TAX FO INSOLVENCY POFESSIONALS One day course CPD accreditation: 6 hours egistration starts at 9.00 BIMINGHAM LONDON 13 OCTOBE 2016 I Novotel Birmingham City Centre 6 DECEMBE 2016 I Holiday Inn egents Park

2 COUSE DIECTO COUSE OVEVIEW So Kim Lau EY LLP This one day course will provide an advanced groundwork of tax issues for insolvency practitioners, and will provide an in-depth analysis of key tax issues to be considered by practitioners. The course will aim to provide delegates with considerations of the key tax issues and principles arising from the trading, restructuring or sale of distressed businesses. The course will include: > A detailed update on VAT and VAT issues > Considerations and tax developments on debt restructuring > Tax considerations post appointment and cessation of trade > Tax in contingency planning Who is this course aimed at? This course is aimed at manager to senior level managers and partners who frequently deal with tax issues arising in insolvency or distressed and stressed contexts. Comments from last year s course Good overall coverage of tax issues relevant to IPs Helpful to get a better understanding about the tax issues Excellent SPEAKES > Adam Blakemore is a tax partner and advises on the taxation aspects of structuring domestic and cross-border corporate and fi nancing transactions. He has advised on a wide range of fi nancing transactions, including securitisations, hybrid capital issuances, repackagings, credit linked instruments, stock lending arrangements and a variety of fi nancial products. > Duncan Lockhart joined Clyde & Co LLP in February 2016 having acquired substantial experience of both contentious and non-contentious restructuring and insolvency work. He has experience in acting for insolvency practitioners, debtors and creditors in respect of both corporate and personal insolvency processes including distressed sales, bankruptcy, administrations, liquidations and voluntary arrangements. > Gemma France is an experienced director in Deloitte s restructuring services tax team, specialising in structuring, business review and implementation advice on complex international restructuring transactions. > Mairead Warren de Burca joins Alvarez and Marsal in August 2016 and was prior to this a VAT director at EY LLP. Since 2006 she has specialised in private equity and corporate transactions, and restructuring and insolvency projects. > Morgan Montgomery is a VAT manager in Grant Thornton s Birmingham offi ce. Morgan has expertise on advising businesses involved with international supply chains and overseas processing of goods and has previously worked for KPMG and HMC. > Philip idgway joined chambers when he returned to the Bar in June He advises on all areas of revenue law, both corporate and personal, but has a particular interest in corporate tax matters including, acquisitions and disposals, reconstructions and demergers, MBOs, returning capital to shareholders, s425 schemes, SDLT, stamp duty and SDT. > So Kim Lau is an associate director in the restructuring and insolvency practice at EY LLP. Kim predominantly advises banks and fi nanciers on distressed situations having both fi nancial advisory and formal insolvency experience across a range of businesses and sectors. > Stuart Sinclair is a tax partner and advises on all aspects of corporate tax, focusing on domestic and international restructurings and reorganisations, mergers and acquisitions, structured fi nance arrangements and fi nancial instruments. Stuart also advises on tax aspects of a broad range of investment fund matters, including the formation of funds and asset management businesses, and the structuring of transactions entered into by funds. > Suwin Lee is a partner in EY s transaction tax practice with over 20 years experience in corporate tax, including a one year secondment to the New York offi ce. She leads EY s restructuring tax practice in the UK and Europe and has signifi cant experience on UK and global transactions. She works with a number of private equity investors, distressed funds and banks, and advises them on acquisitions, restructuring and exits of stressed and distressed businesses. > Tim Jarvis is a partner at Squire Patton Boggs and his practice focuses on private equity, banking and corporate fi nance transactions. Tim also has extensive experience in relation to VAT planning and administration and also in relation to stamp duty and stamp duty land tax planning. Tim also advises employers on the set up and administration of their employee share schemes.

3 COUSE POGAMME 9.00 egistration and coffee Chairman s introduction 9.30 So Kim Lau, EY LLP (Birmingham) Suwin Lee, EY LLP (London) estructuring professional services firms in financial distress This session will discuss: > Current tax issues that can arise when a professional services fi rm, such as a LLP, goes into administration 9.35 > Practical issues > VAT considerations > Other tax considerations Tim Jarvis, Squire Patton Boggs (UK) LLP Advanced tax considerations administrative receiverships This session will review: > Litigation in administrative receiverships > ecovery of VAT in administrative receiverships > Group relief and losses > Corporate debt Philip idgway, Temple Tax Chambers Coffee break Pre and post appointment tax considerations This session will consider the following: > Contingency planning > Pre and post insolvency appointment > Implications and impact > Case studies Gemma France, Deloitte LLP VAT part one This will be an all-encompassing session on VAT. The session will be split into two sessions, separated by lunch which will allow you to contemplate any questions you have The sessions will consider VAT issues on appointment, transaction costs, sales and a general VAT update. Morgan Montgomery, Grant Thornton UK LLP (Birmingham) Mairead Warren de Burca, Alvarez and Marsal (London) Lunch VAT part two During the second part of this comprehensive VAT session, we will continue to discuss the various issues you need to be aware concerning VAT. This session will also provide a platform for you to ask our experienced speakers any questions you have on this complex area. Morgan Montgomery, Grant Thornton UK LLP (Birmingham) Mairead Warren de Burca, Alvarez and Marsal (London) Accelerated Payment Notices (APNs) During this session, Duncan will discuss the following issues: > A brief explanation as to what constitutes tax avoidance > A summary of APNs and Follower Notices > The interplay between APNs and insolvency > What has been the practical effect of APNs to date? > What role can we expect APNs to play in the future? Duncan Lockhart, Clyde & Co LLP Coffee break Debt restructuring techniques and transactions This session will offer an overview of the tax treatment of debt releases and debt restructuring in the UK, and the tax exemptions and HMC clearances which may apply as part of a consensual or non-consensual restructuring The session will provide delegates with a series of practical examples and points to consider, based around a case study drawn from a number of real-world UK restructurings. Stuart Sinclair, Akin Gump Strauss Hauer & Feld LLP Adam Blakemore, Cadwalader Wickersham and Taft LLP Chairman s close BOOK NOW courses@r3.org.uk

4 Surname Surname IN C VAT TA ED TAX ISSUE G VAT TSurname ADE C D ESSATIO E C Birmingham ESSATIO S DEBTFirm N AD EST N ADVA Address 13 October 2016 Novotel Birmingham City Centre NCED T UCTUING VA VANCED TAX IS TT A SU X ISSUE VAT ( 348) Fellows S DEBT ADE CESSAT ES DEBT VAT ( 366) Members New professionals IO Postcode ESTU CTUIN N ADVANC VAT ( 426) Associates G VAT T Tel no. Fax no VAT ( 486) Non-members A London 6 December 2016 Holiday Inn egents Park VAT ( 408) Fellows VAT ( 426) Members New professionals VAT ( 486) Associates VAT ( 546) Non-members Can t make the course? Pre-order the course DVD* DVD VAT ( 138): DVD training package (plus p&p) 25 additional handbooks (plus p&p at cost)* We aim to release DVDs within three months of the date of the filmed course. Please refer to the website for release dates. I will be making payment by credit card Please invoice me I enclose a cheque payable to Association of Business ecovery Professionals BOOK NOW ADVANCED TAX FO INSOLVENCY POFESSIONALS ONE DAY COUSE APPLICATION FOM COUSE PICES DEBT category Please tick appropriate membership ADVAN ESTUCTU The fee includes all refreshments courses@r3.org.uk Contact name (if not delegate) P.O. number How did you hear about this course? LinkedIn Post ecovery Magazine Other (please specify) Tick to receive 3 membership information Creditdebit payment form We accept any of the following payment methods (please tick): Visa Mastercard Maestro Visa Electron Card holder s name *Card no or valid from *Card issue no *Expiry date Payment amount *Security code (last 3 numbers on the back of the card) Signature: Date (*indicates mandatory field) 3 takes your privacy seriously. We will retain and use your personal data to provide you with information on our services. Your name and firm will be published in the delegate pack for every course you attend, unless otherwise requested. Cheques to be made payable to Association of Business ecovery Professionals. Bookings will only be accepted on receipt of registration form by post, fax, (courses@r3.org.uk) or through the 3 website, Delegate substitutions are permitted but a supplement will be charged where there is a difference in membership category. Credit notes will only be issued if cancellations are received in writing no less than two working days prior to the date of the course. efunds will not be available. A VAT receipt will be issued. 3 reserves the right to change the programme should circumstances dictate.

5 VAT TADE CESSATION ADVANCED TAX ISSUES DEBT ESTUCTUING VAT TADE CESSATION ADVANCED TAX I DEBT ESTUCTUING VAT TADE CESSATION ADVANCED TAX ISSUES DEBT ESTUCTUING VAT TADE CESS ADVANCED TAX ISSUES DEBT ESTUCTUING VAT TADE CESSATION ADVANCED TAX ISSUES DEBT ESTUCT The Voice of Business ecovery Key sponsorship partners Not already an 3 member? 3 is the leading trade body of Business ecovery Professionals operating as the most authoritative body for the Insolvency Profession. CPD Accreditation The course constitutes structured CPD to meet the requirements of the Association of Certifi ed Chartered Accountants (ACCA), the Institute of Chartered Accountants in England and Wales (ICAEW), the Insolvency Practitioners Association (IPA), the Institute for Turnaround (IFT), Solicitors egulation Authority (SA) and the Bar Standards Board. Bar Standards Board CPD provider ID number: hours How do I join? To take advantage of its member benefi ts, join today and receive discounts on 3 courses, including this one. Visit today. Association of Business ecovery Professionals 8th floor, 120 Aldersgate Street London EC1A 4JQ Tel: Fax: courses@r3.org.uk