CORE TAX FOR INSOLVENCY PROFESSIONALS

Transcription

1 LEEDS 18 APRIL 2018 Squire Patton Boggs LONDON 18 OCTOBER 2018 Squire Patton Boggs With thanks to CORE TAX FOR INSOLVENCY PROFESSIONALS Half day course CPD accreditation: 3.5 hours 09:00 13:00 Registration starts at 08:30 OLVENCY > IVAS > CORPORATE TAX > HMRC > MLVS > APNS > TAX > PERSONAL INSOLVENCY > IVAS > CORPORATE TAX > HMRC > MLV NS > TAX > PERSONAL INSOLVENCY > IVAS > CORPORATE TAX > HMRC > MLVS > APNS > TAX > PERSONAL INSOLVENCY > IVAS > CORP TAX > HMRC > MLVS > APNS > TAX > PERSONAL INSOLVENCY > IVAS > CORPORATE TAX > HMRC > MLVS > APNS > TAX > PERSONAL IN ENCY > IVAS > CORPORATE TAX > HMRC > MLVS > APNS > TAX > PERSONAL INSOLVENCY > IVAS > CORPORATE TAX > HMRC > MLVS > A 2018

2 COURSE DIRECTORS Charles Turner CVR Global LLP COURSE OVERVIEW A focused view on the world of tax as it interacts with the IP s world of restructuring and insolvency including the controversial topic of statutory interest in solvent liquidations. Tax has never been more taxing with multiple changes in legislation and policy approaches. This half day course is aimed at bringing insolvency practitioners, their relevant key staff and also legal advisers up to speed with the world of tax as it interacts with restructuring and insolvency. The course will focus on some key topics which have been the subject of much attention in the profession recently including statutory interest in solvent liquidations, best practice matters on accounting for all taxes, including HMRC expectations, and a legal view on APNs in connection with tax avoidance schemes. Benefi t from senior level input from members of the profession, HMRC and R3 s own tax working groups who have done much in recent months to improve the dialogue with HMRC and advance the interests of the insolvency profession. Caroline Sumner R3 Dealing with tax correctly is a fundamental requirement in our profession and with widespread challenges has rarely had a higher profile. This is a course that anyone who has a need to understand tax, as it interacts with insolvency, cannot afford to miss. Who is this course aimed at? IPs, legal advisers and senior staff with 4+ years experience who have a requirement to understand tax issues in restructuring and insolvency. SAVE 15% WITH EARLY BIRD BOOKINGS!* LEEDS BOOK AND PAY BY 02/03/18 LONDON BOOK AND PAY BY 18/08/18 *Payment must be received in full by date given; bookings not paid by this date will revert to full price. Discount runs from February to December 2018 inclusive, however, it does not include briefings, webinars, DVDs or the Practical Introduction to Insolvency Work series.

3 SPEAKERS > Caroline Sumner Caroline is Technical and Education Director at R3 and secretary to the General Technical Committee (GTC). GTC deals with issues of general importance and signifi cance to the profession, keeping under review all UK and EU legislation, prospective and other matters relating to insolvency law and practice. GTC issues technical releases and bulletins, and produces technical updates and guidance for members, subscribers and students. > Charles Turner CVR Global LLP Charles has 30+ years of restructuring and insolvency experience, gained mainly at PwC and now as a partner with CVR Global. He is well known for his specialist advisory expertise, working with fi nancially stressed professional practices as well as charities and is a specialist in partnership and personal insolvency. He has been a licensed appointment taker since 2000, working on many corporate and personal insolvency assignments including as liquidator of one of the Enron group of companies. Charles serves on R3 Council and is co-chair of the ECC. > Julia Fox Deloitte LLP Julia is a Director within the Deloitte tax practice and has been with the fi rm for over 22 years. Julia heads up the Restructuring Services Tax team across Scotland, the North East of England and Yorkshire, providing tax advice to all manner of corporate entities and their stakeholders in respect of establishing new structures, reorganisations, refi nancing, managed exit, fast track M&A, insolvency and corporate simplifi cation. > Kevin Hatt HMRC Kevin has worked in debt recovery and insolvency for HMRC since He is currently responsible for insolvency caseworking in HMRC s Enforcement and Insolvency Service in Worthing. Teams there are responsible for all voluntary arrangements in which HMRC is a creditor as well as company administrations and work related to annulment and rescission applications. > Darren Hattersley Deloitte LLP Darren is a Director in the North East Indirect tax team with over 30 years experience in indirect tax, working originally with the UK tax authorities before joining Deloitte 19 years ago. Darren leads our VAT offering regionally for the reorganisation and insolvency area and has provided VAT advice to the administrators on many of the businesses that they have been appointed over during the past 19 years. > Caroline Jackson Deloitte LLP Caroline is an Associate Director in the Newcastle Deloitte tax team. She joined the fi rm in 2015 having previously been a Technical Specialist at HMRC in London. Caroline works closely with the fi rm s insolvency practitioners and also specialises in restructuring and transactions and advises a wide range of corporate entities who are seeking to re-organise or simplify their business structures. > Stewart Perry Fieldfisher Stewart is a partner in Fieldfi sher s insolvency and restructuring practice. His experience covers a full range of insolvency work, from purchases and sales in trading insolvencies to fraud cases. He also advises distressed debt purchasers on the implementation of their varied realisation strategies, and advises funders, operators and contractors in the energy and natural resources sector. Stewart is also the Chair of R3 s General Technical Committee. > Marcus Rea Deloitte LLP Marcus heads the Deloitte European restructuring services tax network and specialises in providing tax advice on reorganisations and reconstructions, particularly of under-performing companies. He has over 20 years experience dealing with bank reviews, refi nancing, distressed M&A, insolvencies and corporate simplifi cation assignments across all industries and geographies. > Carly Schiff Fieldfisher Carly s work in the Insolvency and Restructuring group involves both individual and corporate insolvencies, acting primarily for insolvency practitioners, various categories of fi nancier, distressed companies and their directors. She acts on both contentious and non-contentious matters and has been recognised in Chambers & Partners as technically strong and determined. > Dave Taylor Deloitte LLP Dave is a qualifi ed Chartered Tax Adviser, specialising in Indirect Taxes including VAT and IPT. He has worked closely with the Restructuring Services team at Deloitte since joining the fi rm as a graduate in 2012, working on a number of large insolvency cases including retailers, property developers and asset fi nance providers. He is therefore well-versed in identifying and advising upon the common (and often unique) indirect tax issues faced by insolvency practitioners and in relation to restructuring assignments. > Mairéad Warren de Búrca - Alvarez & Marsal Taxand UK LLP Mairéad is a Managing Director who brings 20 years of experience in Indirect taxes, specialising in VAT, working with both multinational and domestic companies. As well as providing VAT advisory services in relation to land and property, manufacturing, and the services industry, she specialises in mergers and acquisitions, business restructurings and insolvencies across all industry sectors.

4 PROGRAMME 08:30 Registration and coffee 09:00 09:05 09:45 10:30 Chair Introduction Charles Turner, CVR Global LLP Accounting for Tax in Personal Insolvency The treatment of tax arising on personal insolvency matters post appointment is not clear cut, for example on capital gains or trading receipts from assets or income. A number of areas remain uncertain and with very limited offi cial guidance from HMRC, IPs often struggle to know the right approach to take. In this practical session, R3 s Technical and Education Director will try to answer your questions and more, providing valuable insight into how HMRC believe tax in personal insolvencies ought to be treated. For anyone dealing with personal insolvencies this session is not to be missed. Caroline Sumner, R3 Corporation Tax and VAT Update In this session we will provide insight into the VAT and Corporation Tax implications for managing insolvency and restructuring assignments, covering an overview of the applicable rules, case studies based on practical experience, and HMRC s approach. Julia Fox, Darren Hattersley and Dave Taylor, Deloitte LLP (Leeds) Mairéad Warren de Búrca, Alvarez & Marsal Taxand UK LLP (London) Voluntary Arrangements The perspective from HMRC In this practical and informative session, Kevin Hatt from HMRC will provide an update on his team s structure and policies including how a CVA or IVA proposal is considered, when a modifi cation would be put forward and what information HMRC is looking for to assist them in engaging with the process fully. He will also touch on any diffi culties for HMRC in engaging with the process under the new Insolvency Rules and what steps IPs can take to overcome this. Kevin Hatt, HMRC 11:00 Coffee break Tax and Statutory Interest in MVLs HMRC have recently changed approach in their interpretation of the law in relation to statutory interest and the point from which interest should accrue. This session outlines the change in approach, steps that can be taken to mitigate the amount 11:15 of interest arising and the obligations of the practitioner in relation to withholding tax. There will also be a general overview of the key tax issues to consider before and during the process of an appointment. Julia Fox, Deloitte LLP (London) Caroline Jackson and Marcus Rea, Deloitte LLP (Leeds) A Pit Stop for Accelerated Payment Notices The accelerated payment regime in the context of tax avoidance is changing the tax landscape and has led to a huge revenue boost to the Exchequer, signifi cantly more than 12:10 expected. In this session we look at what to do when you encounter APNs as well as PPNs and Follower Notices. Stewart Perry, Fieldfi sher (London) Carly Schiff, Fieldfi sher (Leeds) Chair Close 12:55 Charles Turner, CVR Global LLP How is the course different from last year? This course aims to build on last year s highly regarded course by using market leaders to help tackle a variety of challenging issues which have recently come to the fore. It will continue to look at tax avoidance matters but this year will hear a legal perspective on the consequences of APNs for debtors and IPs alike and consider potential approaches to be taken by IPs. It will also look at tax issues arising in personal insolvency from a practical perspective, an area on which it has been diffi cult to obtain authoritative guidance. What will delegates gain from attending? A good understanding of the current challenges facing IPs and sound practical advice on best practice. IPs and their staff really do need to know how to avoid falling foul of the pitfalls and traps which lie in wait for the unwary, to protect their clients as well as themselves.

5 COURSE PRICES CORE TAX FOR INSOLVENCY PROFESSIONALS HALF DAY COURSE Please tick appropriate membership category Cost includes refreshments LEEDS save 15% until 02/03/18 18 April 2018 Squire Patton Boggs VAT ( 222) Fellows VAT ( 240) Members/New professionals VAT ( 288) Associates VAT ( 330) Non-members LONDON save 15% until 18/08/18 18 October 2018 Squire Patton Boggs BOOK NOW VAT ( 252) Fellows VAT ( 276) Members/New professionals VAT ( 316) Associates VAT ( 366) Non-members I will be making payment by credit card Please invoice me I enclose a cheque payable to Association of Business Recovery Professionals courses@r3.org.uk APPLICATION FORM Please note this form can only be used for one delegate. Please use a new form for each additional delegate. Surname First name Company Address Postcode Contact name (if not delegate) PO number Tel no Delegate names and company names will be printed in the delegate pack for this course, please tick this box to confirm your consent to have your name and company name included. If you are not a member of R3, we would like to be able to send you further details about R3 s work. Please tick the following boxes to confirm your consent to receive information about: R3 Courses & Conferences R3 Regional Events Which best describes your area of work? Legal Accountancy Other (please specify) How did you hear about this course? Post LinkedIn Twitter Recovery Magazine Other (please specify) Credit/debit payment form We accept any of the following payment methods (please tick): Visa Mastercard Maestro Visa Electron Card holder s name *Card no *Card issue no Payment amount or valid from / *Expiry date / *Security code (last 3 numbers on the back of the card) Signature: Date / / (*indicates mandatory field) Bookings will only be accepted in writing by post, fax, ( courses@r3.org.uk) or through the R3 website ( Your place is not reserved until a registration confirmation is sent. 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 five working days prior to the date of the event. Refunds will not be available. A VAT receipt will be issued. See the website ( for full Terms & Conditions. Cheques to be made payable to the Association of Business Recovery Professionals. Please note that views and opinions expressed at this event are solely that of the author and do not represent the views and opinions of R3. In accordance with GDPR, R3 will only use your personal information when we have express permission to do so. Please click here ( to view our privacy statement or visit the R3 website. R3 reserves the right to change the programme should circumstances dictate.

6 Not an R3 member? R3 is the leading organisation for insolvency, restructuring and turnaround specialists in the UK. Key sponsorship partner How do I join? To take advantage of its member benefi ts, join today and receive discounts on R3 courses, including this one. Visit R3 8th floor, 120 Aldersgate Street London EC1A 4JQ Tel: Fax: courses@r3.org.uk R3 Courses and Conferences 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 Regulation Authority (SRA) and the Bar Standards Board. 3.5 hours TAX > PERSONAL INSOLVENCY > IVAS > CORPORATE TAX > HMRC > MLVS > APNS > TAX > PERSONAL INS > HMRC > MLVS > APNS > TAX > PERSONAL INSOLVENCY > IVAS > CORPORATE TAX > HMRC > MLVS > AP > IVAS > CORPORATE TAX > HMRC > MLVS > APNS > TAX > PERSONAL INSOLVENCY > IVAS > CORPORATE > PERSONAL INSOLVENCY > IVAS > CORPORATE TAX > HMRC > MLVS > APNS > TAX > PERSONAL INSOLV