1 day (6 CPD Hours)
Introduction
Tax managers working in commerce and industry today are faced with the challenge of operating within an increasingly global and constantly changing business environment.
The Annual CIOT Commerce and Industry Group Conference will look at how UK based corporate tax departments should be responding to the practical management of risk and will cover a number of specialist topics including anti-avoidance and the tax issues of using financial products in corporate transactions.
The course in detail
09:30 – 09.35 Welcome
Chris Lallemand, Co-Chairman of the CIOT
Commerce and Industry group
Paul Morton, Head of Group Tax, Reed Elsevier
Group plc
09:35 – 10:20 Tax risk management – the new environment
- Corporate governance
- Corporate responsibility
- Total tax contribution
- Processes, reporting and controls
- Vodafone's tax code of conduct
- Business behaviours
- OCED forum on tax administration
- HMRC risk reviews and links with large businesses
John Connors, Deputy Group Tax Director, Vodafone
10:20 – 11:05 Does your tax reporting affect your share price?
- Does tax affect your share price?
- Does the quality of your tax reporting affect your
share price?
- What information are your investors looking for?
- What about your other stakeholders?
- The tax transparency framework
– communicating the information about
tax that your stakeholders want
- Your total tax contribution – is there merit
in externally communicating the total amount
of tax you pay?
David Clayton, Tax Partner, TICE-Energy
11:05 – 11:20 Refreshments
11:20 – 12:05 Anti avoidance – the revenue approach
A speaker from HMRC
12:05 – 12:50 Applying anti avoidance rules
- Legislative anti-avoidance rules
- The Courts' approach to anti-avoidance
– The Ramsay Principle and subsequent cases
- Disclosure
- The impact of anti-avoidance rules on
tax planning and corporate transactions
Michael L’Estrange,
Head of International
Tax Group, Watson Farley and Williams LLP
12:50 – 13:50 Lunch
13:50 – 14:20 Benchmarking tax departments
annual survey
- Resourcing issues faced by in-house
tax departments
- How in-house tax departments are structured,
and current information on salary packages
- The main drivers guiding the resourcing
needs of the tax department
Mark Brewer, Partner, Brewer MorrisMatthew Gravelle,Manager, Brewer Morris
14:20 – 15:00 Dealing with uncertainty and
the new clearance process
- Non statutory clearances
- Whether to apply, how to apply
- Alternatives to a clearance
- The external perspective
Alistair Cliff, Director, Deloitte Business Tax Practice
15:00 – 15:40 Managing the HMRC relationship including
reaching interpretation, calculation
agreements and disclosure issues
- HMRC desire for “enhanced relationship”
- HMRC understanding
- Role of customer relationship manager
- Disclosure – forced and voluntary
- Risk review
- Reaching agreement
- Multi jurisdiction issues
- Litigation
- Participation in consultation
- HMRC responsibilities
Chris Kell, Head of UK Tax Compliance,
HSBC BANK PLC HBEU
15:40 – 15:55 Refreshments
15:55 – 16:35 ECJ case update and the practical
implications on UK business
- Trends at the ECJ
- Status of challenges on CFC Dividends
- The future of claims and protecting your position
- EU tax planning
David Evans, E&Y International Tax Services
16:35 – 17:15 An update on tax issues for corporates
to consider when using financial products
in commercial transactions
Vincent Oratore, Banque AIG
17:15 Close
What are the benefits of attending?
- Get practical solutions to the everyday strategic and management issues faced by corporate tax departments
- Detailed presentations on specialist topics including anti-avoidance and tax issues of using financial products in corporate transactions
- Network with others facing similar challenges
- Gain 6 CPD hours
Who should attend?
- Company tax directors and managers
- Heads of tax and group tax managers
- In-house company tax accountants and consultants
- Tax compliance managers
- Tax advisors for larger companies
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