The Three Stages
Total Page：16
File Type：pdf, Size：1020Kb
Taxing small 8 Sought-after 1 0 May 2018 2 6 businesses skills in tax exam results Paul Morton a n d Andy Richens Georgiana Head on the skills Results and prizes from the CIO T on the business lifecycle em ployers w ant and ATT M ay 2018 exam s w w w .tax.org.uk www.att .org.uk Excellence in Taxation August 2018 www.taxadvisermagazine.com The three stages Keith Gordon looks at case w hich considers when a contract sett lement with HMRC is formally concluded, page 24 PLUS Transfer pricing – Research & D evelopm ent – Childcare vouchers – VAT on com m ercial property BE FIRST OFF THE LINE Tolley®Exam Training: The ATT/CTA Tax Pathway The Tax Pathway enables students to study for both ATT and CTA qualifications and become members of both bodies in less time, without reducing the quality and rigour of your qualifications. Benefits of the Tax Pathway > Cost effective – students following the Tax Pathway route will spend less time out of the office as they will have one less exam. The cost of qualifying is likely to be less than following the sequential qualification route for ATT and CTA. > Early qualification – as the Tax Pathway provides a combined route to both the ATT and CTA qualification, students will be able to sit more exams earlier. > More choice - students can choose which ATT papers they sit, as papers are no longer mandatory. > No prerequisites – students don’t have to hold any particular qualifications or have any specific experience before starting the Tax Pathway. Pass your examinations confidently the first time with Tolley®Exam Training’s expert knowledge. Start achieving success with Tolley today Visit tolley.co.uk/taxpathway Email [email protected] Call 020 3364 4500 RELX (UK) Limited, trading as LexisNexis®. Registered office 1-3 Strand London WC2N 5JR. Registered in England number 2746621. VAT Registered No. GB 730 8595 20. LexisNexis and the Knowledge Burst logo are registered trademarks of RELX Inc. © 2017 LexisNexis SA-0117-027. The information in this document is current as of March 2017 and is subject to change without notice. SA-0117-027 Exam Training Tax Pathway Advert.indd 1 3/13/17 9:55 PM In-House Tax Assistant Tax Technical Officer – Leeds – To £39,500 + benefits Private Client and Employer Solutions You will be responsible for the annual tax reporting process of Location flexible – £excellent this large international group. This will include the preparation This role is in the National Tax Department of a large firm. This of the quarterly figures, annual reporting and ad-hoc project team provides technical support to the firm’s Tax Faculty and work. You should be ACA/CTA qualified, with an understanding includes a team of Technical Officers covering the range of of IFRS and tax compliance reporting and ideally knowledge UK taxes on which the firm advises. This role covers private of US GAAP. You must have excellent communication skills, client tax and employer solutions taxes. The firm is flexible be able to research technical points independently, have regarding the office that you are based in (although you must competent Excel skills and ideally a knowledge of Alphatax. be happy to commute to London at times). Call Alison Ref: 2609 Reporting to the National Head of Tax Technical, your principal responsibility is to ensure an up-to-date knowledge Personal Tax Associate (including details of legislative proposals, consultations etc.) in respect of tax law and practice in these specialist areas, Leeds – To £38,000 + benefits thereby enabling National Tax to give appropriate guidance on technical issues that impact on the Tax Faculty and the This is an interesting role encompassing both trust and private firm’s business and clients. client tax work. You will have responsibility for advising both UK and offshore trusts and their beneficiaries as well as Your main responsibilities will include writing and updating managing a portfolio of private clients. This includes preparing training materials, preparing external tax marketing materials trust accounts and tax returns, interpreting the effects of trust and coverage of the Chancellor’s Budget, preparing articles deeds and wills, preparing self assessment tax returns for for the national, regional and tax technical press as necessary, private clients and assisting managers with tax advisory work. updating the firm’s Tax Manual, co-ordinating and contributing Call Alison Ref: 2671 to external consultations (HMRC, HM Treasury and EC) and carrying out ad-hoc client work in support of local offices or as arising from published articles. Indirect Tax Senior Manager You should be ACA/CTA qualified, with outstanding technical Manchester – To £70,000 + benefits and research skills in both private client and employment taxes. You must be able to communicate clearly and concisely You will provide advice and support in all aspects of Indirect in writing to a variety of audiences, ranging from the technically Tax to a broad range of business sectors including large advanced to non-tax specialists. Call Alison Ref: 2677 multi-nationals, household name retailers and public sector organisations. Work undertaken will include pure advisory projects, compliance reviews, due diligence and the preparation of reclaims to HMRC. You must have experience of dealing with technical scenarios involving both large international groups and local entrepreneurial companies. Call Alison Ref: 2679 Tax Advisory Manager York (centre) – To £50,000 You will assist the partner with a portfolio of tax planning work. Your clients will be OMBs/SMEs and entrepreneurial growing businesses. The work is varied, encompassing technical work such as succession planning, transactions, R&D and group tax planning. You should be ACA/CTA/ICAS qualified, with a minimum of 3 years’ UK business tax experience and experience of dealing with a portfolio of project work. This role can be done on a full or part time basis. Call Alison Ref: 2660 YOUR TAXATION RECRUITMENT SPECIALISTS New from Claritax Books Employee share schemes are a powerful (and sometimes neglected) tool for businesses wishing to recruit, retain and motivate their staff. The underlying tax law, though, is complex and dense. This brand new guide addresses the complexities in a clear and practical way. Whether you are working in house or as an external tax adviser, it will guide you through the various options, clearly explaining both the pitfalls and the tax planning opportunities for the various schemes. Thomas Dalby LLB, CTA is head of share schemes at Gabelle, the specialist tax advisory irm. Now in its seventh edition, this invaluable guide for professional advisers will identify tax saving opportunities for your clients, saving hours of research time and helping you to avoid costly errors and oversights. The 2018-19 edition, just published, includes new chapters on the use of family investment companies, on QNUPS and on the Trust Registration Service. It also includes updated coverage of the non-domiciled tax provisions for offshore trusts, and expanded coverage of the money laundering provisions. John Woolley LLB, Barrister, FCII, CTA (Fellow), TEP is director of Technical Connection Ltd. Other recent releases include: www.claritaxbooks.com 01244 342179 C O NT ENT S Welcome Features 3 Editor’s welcome R a d m e ! Chris Matt os OTS Research & Development 8 The business lifecycle Paul Morton and 18 Change the focus Tom Haberfi eld and 4 President’s page Andy Richens provide an overview of the Mar� n Hook consider how the UK R&D Sum m er of change OTS report on the business lifecycle and tax regime can be improved Ray McCann discuss their recommenda� ons 6 ATT page OMB LARGE CORPORATE TAX It’s just n o t cricket OMB Jeremy Coker Education May 2018 exams 26 CIOT results 31 ATT results Technical From the Technical team 4 1 Spotlight on the Working Together technical subcommi� ee VAT and property Making Tax Digital Professional skills 4 2 22 Working it out Neil Warren considers the 4 3 Treasury Commi� ee 10 Navigati ng the future Georgiana Head VAT issues relevant to an accountancy Inquiry and Treasury considers the skills which make good tax prac� ce that decides to sell a commercial Sub-Commi� ee Inquiry advisers and future-proof careers building that it owns SOFT SKILLS 4 4 Treasury Commi� ee INDIRECT TAX OMB concerns on childcare 4 5 Charity Tax Commission Transfer pricing Contract sett lement Paul Sutt on examines call for evidence 14 Stacking the odds The 64-8 Questi on Keith Gordon looks at how corporate governance fl aws 24 4 6 Cash and digital a case which considers when a contract exacerbate transfer pricing risks payments se� lement with HMRC is formally 4 7 Self-funding work- LARGE CORPORATE TAX INTERNATIONAL TAX concluded related training MANAGEMENT OF TAXES 4 8 Workplace charging tax e x e m p � o n 4 9 VAT: Alterna� ve method of VAT collec� on 5 0 Business/non-business li� ga� on cases 5 1 Scotland update Briefi ngs From Ar� llery House 52 Branches programme 53 CIOT AGM minutes Enterprise Investment 55 Lord Mayor’s Tax Debate Schemes 17 Childcare vouchers 56 CIOT Outgoing President’s A domino eff ect? Bill Dodwell considers Ian Goodwin speech recent cases in which one relief has been 38 Not exactly child’s play con� ngent on another examines the tax challenges of paying for 57 ATT summer conferences childcare PERSONAL TAX OMB EMPLOYMENT TAX 58 ATT President’s inaugural EMPLOYMENT TAX speech 59 ‘No Vote, No Tax’ 59 Richard Todd 60 Bridge the Gap Branch events 61 Dates for your diary Recruitment 62 Looking at the best industry jobs www.taxadvisermagazine.com | August 2018 1 2018 ANNUAL RETURN CHANGES ATT AND CTA MEMBERS W hat y ou need to k now • n eme e ill e ing t u sing u t mplete te nnul etun n p u memesip susipn • eee unlie in peius es e ill nt e ing t u in eging te nnul etun • e nnul etun ill e mplete n len e ling t te pei st nu t st eeme A ny q ueries please write to membership@ tax .