1 day (6 CPD Hours)
Introduction
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ICAEW Tax Faculty members can save £150 off the full delegate price. Free Tax Faculty membership for 2008 when you book a place at this conference – join today by selecting the option on the booking form!
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HM Revenue & Customs (HMRC) is carrying out a major review and alignment of all its powers, following the creation of this single department from the merger of the Inland Revenue with HM Customs & Excise.
How will the new powers affect your
practice and your clients?
This one-day conference will give an overview of the powers review – the rationale behind it, what has been done so far, and what is planned for the future.
We will then focus on the new penalty rules for
incorrect tax returns, which will apply from 2008, and on changes to HMRC’s information powers and compliance procedures which are already starting to be seen in practice.
A highlight of the day will be an interactive role-play session, which will make the changes come alive! We will also look at the all-important issue of taxpayer rights and safeguards, and at the new-look tax appeal
tribunals system which will start in 2009. The day will end with some expert advice for practitioners on how to prepare for, and deal with, the new compliance landscape.
The new HMRC powers will be
in force sooner than you think
– don’t get caught out!
The course in detail
09:30 – 09:40 Welcome
London – Chair – Frank Haskew, Tax Faculty
Leeds – Chair – Paul Aplin, Tax Faculty
09:40 – 10:30 Setting the scene
This session will cover the review of HMRC powers and taxpayer safeguards;
- The reasons for it
- What has been done so far
- What is planned for the future, including what is in Finance Bill 2008
- The timetable for introducing future changes, and for future work/consultation on powers
HMRC will also deal specifically with the new regime for penalties for incorrect returns:
- Reasons for the change
- Legislation in Finance Act 2007
- The new regime in detail
Rachel Button, Senior Policy Advisor, HMRC
10:30 – 11:15 What are the new penalty regulations and how do they affect you?
This practical session will look at;
- How the different penalty charges are likely to be applied
- What is meant by reasonable disclosure
- Legislation and HMRC guidance
- Areas practitioners should look out for
- When the new rules will apply
- Transitional rules
- And what happens about old years
Stuart Gerber, Partner, BDO Stoy Hayward, Disputes and Investigations, Tax Investigations, Tax Services
11:15 – 11:30 Refreshments
11:30 – 12:15 Information powers
- What information powers HMRC has
- How HMRC uses particular powers
- The CIF procedure
- HMRC criminal powers and when it uses them
- New litigation and settlements strategy
This session will look at the above points in relation to investigation work backed up by some anonymised but true stories!
Alan Long, Senior Manager, National Tax Investigation, Smith & Williamson Solomon Hare
12:15 – 13:00 Protecting the legitimate interests of taxpayers
- New HMRC powers and human rights
- Taxpayers’ Charter- pros and cons
- Safeguards – real or theoretical?
- Information powers, privacy and data protection
- Professional privilege
- International tax enforcement arrangements
- Remedies and redress
Jonathan Schwarz FTII, Barrister at Temple Tax Chambers
13.00 – 14:00 Lunch
14:00 – 15:15 Mock enquiry – dealing with the new powers in practice
This role play session will focus on the new penalty regime, and look at three cases, from a simple one where the taxpayer has just made a mistake, to a top end serious case.
As well as the new penalties, it will also highlight things like information powers.
Led by Gary Ashford, Tax Investigations Director, Grant Thornton
15:15 – 15:30 Refreshments
15:30 – 16:15 HMRC powers and managing the risks for your practice
This session offers some practical ideas to help practitioners cope with the new rules.
- PI Cover
- Engagement Letters
- Control systems and working methods
- Know your limits – when to get specialist help
- Proposed changes to the enquiry regime
- Complying with new money laundering rules
- Offshore risks
John Cassidy, Tax Investigations Partner, PKF
16:15 – 17:00 The new tribunal structure
- What is it?
- How will it be different?
- Why is it changing?
- When does it start?
- What will it mean for practitioners?
Penny Hamilton, Barrister, Pump Court Tax Chambers
17:00 Round-up and close
London – Chair – Frank Haskew, Tax Faculty
Leeds – Chair – Paul Aplin, Tax Faculty
What are the benefits of attending?
- Learn how the new HMRC powers will affect your practice and clients
- Understand the new penalty rules for incorrect tax returns
- Find out how to prepare for the new
compliance landscape
- Take part in an interactive role-play session, which
will make the changes come alive!
Who should attend?
All practitioners who advise on tax.
Click here for more information about the ICAEW Tax Faculty and what they can do for you
www.icaew.com/taxfac
List of events
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Date |
Time |
Location |
Code |
Options |
| 17 Sep 2008 |
9:30 -17:00 |
Leeds |
8CF0022 |
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