LTS was set up in January 2018 with the aim of promoting Networking and Technical Development amongst young professionals. The idea was to try and get individuals across the professions in a room and speaking to each other on a regular basis. Within two years, we have nearly 300 people on the mailing list (from less than 20 people initially!) and feedback to date shows that many of you have made good connections that should help you progress in your careers.
To remind you of the incredible speakers we have had this year and to whet your appetite for the future, we provide a summary of the 2019 presentations below. Our speakers next year are equally fantastic and the topics will cover everything from American Tax to Cryptocurrency.
We hope you can join us and encourage you to purchase your membership now for free entry to 2020 seminars.
Ken Almand, Partner at BDO (previously of Moore Stephens), started the year with a very interactive talk on the principles of Transfer Pricing. Through discussion, we learnt that the concepts of Transfer Pricing are more complex than they seem and that technology may only have complicated things further.
Rebecca Sheldon, a Barrister at Old Square Tax Chambers kindly stepped in last minute to provide a summary of the Taxation of Trusts. She highlighted the technical pitfalls of planning and areas likely to change in future.
Paul Howard, Director at Dixon Wilson, presented a series of examples on Corporate Reconstructions and demonstrated how alternative ways of obtaining the same outcome an result in different tax liabilities. The cases showed how knowledge of certain aspects of tax legislation and reliefs can impact even the simplest reorganisations.
Keith Gordon, Barrister at Temple Tax Chambers gave us a Tax Cases Update, resulting in in depth discussion around the value of a substitution clause in contracts of services. We look forward to welcoming Keith back next year.
John Lovell of Lovell Consulting, provided an insight into the underappreciated area of Capital Allowances. He demonstrated that with the help of a specialist, the savings available are huge. Clients should definitely feel the added value where we are able to bring these savings to their attention.
We continued in a similar vein in July when Chris Barker of Jumpstart UK gave an overview of the conditions required for Research and Development credits and demonstrated the savings available when companies are correctly advised.
Valentina Sloane QC, a Barrister at Devereux Tax Chambers, talked about the Do’s and Don’ts of Tax Tribunal. She covered the simple but essential requirements of adherence to Tribunal procedures and also included tips for getting the best value for clients. This was an essential presentation for all tax advisers and lawyers who deal with contentious tax disputes with HMRC.
Jaspal Pachu, Partner at Freeths LLP, explained SEIS/EIS and VCT Reliefs, highlighting the requirements of each and citing case studies where relief had been denied on the basis of technicalities. This is definitely one area where we must ensure that all relevant conditions are met.
We look forward to welcoming Graham Davies and David Smith, Senior Tax Policy Leads from HMRC. David and Graham will speak about HMRC’s progress on the Common Reporting Standard and how things have progressed in the year following the deadline of the Requirement to Correct.
We will end the year with drinks at the Anthropologist, Bank, kindly sponsored by Goodman Masson – we look forward to seeing you all there!