Taxation of Directors and Employees Post the Supreme Court Decision in RFC 2012 Plc

Taxation of Directors and Employees Post the Supreme Court Decision in RFC 2012 Plc

Now Includes Important Disguised Remuneration Changes Announced September 13th

Chair: Robert Venables Q.C.

Date: 18/10/2017

Price: £450.00 + VAT

Taxation of Directors and Employees Post the Supreme Court Decision in RFC 2012 Plc ("Rangers") and the 2017 Finance Acts

 

Now Includes Important Disguised Remuneration Changes Announced September 13th 

 

An Afternoon Seminar at the Law Society's Hall, London

 

 Chairman: Robert Venables Q.C.

 

Speakers: Robert Venables Q.C., Harriet Brown and Setu Kamal.

 

 

All the speakers are members of Old Square Tax Chambers, Lincoln’s Inn, WC2A 3UE, 020 7242 2744, taxchambers@15oldsquare.co.uk.

 

 Fees £450 + VAT (£90), total £540.

 

Please contact aw.khpplc@khpplc.co.uk for any booking enquiries beyond the website 

 

Description

 In RFC 2012 Plc v Advocate General for Scotland, the Supreme Court has held that everyone (including, until 2015, HMRC itself and its predecessors) had completely misconstrued the income tax acts, since the imposition of modern income tax in 1842, and by "purposive construction" has purported to impose unjust charges to tax on directors and employees.

Many appear to have misunderstood the precise effect of the decision and consider it to have a wider impact than it does, even if correct and binding precedent.

The seminar will consider the precise scope of the decision and in which situations it will, even if binding precedent, and will not apply.

The seminar will also consider the profound changes made to the “Disguised Remuneration” rules made by Finance Act 2017, the changes included in the Finance Bill published on September 8th and the further proposed substantial charges published on the 13th September. 

The seminar will further consider the current benefit in kind rules in the light of Finance Act 2017 changes.

 

TIMETABLE

13.30 Registration

14.00 Chairman’s Introduction followed by:

The Rangers Decision - Robert Venables Q.C.

What does the case decide? Is it internally consistent? Is it binding Precedent - It is compatible with other House of Lords and Supreme Court authorities? Even if binding, in what limited situations will the decision apply?

14.45 Benefits in Kind Post Finance Act 2017 - Harriet Brown

The Earnings Charge - ITEPA Part 3 BIK Charges Post Finance Act 2017 especially Employment-Related Loans (Chapter 7) and General Charge (Chapter 10) - BIK Charges Under ITEPA Part 7A (Disguised Remuneration)

15.25 Changes to Disguised Remuneration - Finance Act 2017 and Proposed Finance Act 2017/18 - Robert Venables Q.C.

The additional heads of charge - New Perceived Anti-Avoidance Rules

16.05 Discussion Session with Refreshments

16.20 Finance (No 2) Act 2017 Retrospective Charge on April 5th 2019 - Setu Kamal

Finance (No 2) Act 2017 retrospective charge - Proposed Finance Act 2017/18 Retrospective Charges and DOTAS-style Reporting Requirements even where no charge.

17.00 Panel Session and Questions to Speakers

17.30 Close of Seminar

 

 Please contact aw.khpplc@khpplc.co.uk for any booking enquiries beyond the website 

 

Conferences Terms and Conditions

Cancellations in writing 14 days prior to the seminar qualify for a refund subject to a £50 charge. Cancellations within 14 days prior to the seminar do not qualify for a refund.

Disclaimer: Key Haven Publications Ltd reserves the right to change the speakers or the programme for any reasons beyond its control or on account of changes in the law. Nothing in the talks or discussions or the prepared notes constitute legal advice. They are simply an expression of the speakers’ views, put forward for consideration and discussion. No action should be taken nor omitted in reliance on them but independent professional advice should be taken in every case. Neither the speakers nor Key Haven Publications Ltd accept any legal responsibility for them.

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