This month in Tax: March 2023
By Justine Riccomini, Head of Tax (Employment and Devolved Taxes)
28 February 2023
Justine Riccomini advises on what training and events are taking place, as well as tax resources available to members on the ICAS website and beyond.
- Sign up for our popular ICAS webinars
- See information on HMRC updates and other tax webinars
- ICAS – helping you keep up to date – visit the tax pages on icas.com
ICAS webinar: Pitfalls of payroll - why it's so important to get it right the first time
Date: Thursday 9 March 2023
Time: 11:00am until 12:00 noon
Event summary
Join ICAS and the CIPP (The Chartered Institute of Payroll Professionals) to find out why ensuring correct and efficient payroll processing is essential for your practice and your client base.
Payroll is possibly the biggest area of expenditure for many organisations. When issues arise with staff payments, morale quickly diminishes, and a lack of trust rapidly develops between employee and employer, or where the agent is providing a payroll bureau service, between the employer client and agent. Getting payroll processes correct is therefore vital, as the fines and reputational damage associated with non-compliance on matters such as the National Minimum Wage can be substantial.
Key themes and topics
- Find out what some of the biggest pitfalls of providing payroll services to clients can be, and identify when these errors are likely to happen
- Learn why it’s so important for payroll professionals to hold qualifications that enable them to understand payroll and the associated legislative requirements
- Discover the consequences of non-compliance or late/incorrect payment to staff
- Understand processing payroll in-house for your own staff
Who are the speakers?
(Please note that views and opinions expressed by speakers at ICAS webinars are their own and not necessarily reflective of ICAS’ views.)
- Lora Murphy, Editor-in-Chief, PPPR Magazine, Chartered Institute of Payroll Professionals (CIPP)
- Justine Riccomini MSc FFTA AIPA Chartered MCIPD ChFCIPP, Head of Tax (Employment and devolved taxes), ICAS
Who’s this for?
- ICAS members
- ICAS students
- CAs working in practice
- Tax professionals
- Agents processing payroll for clients
Counts as CPD activity
Depending upon your individual role and training and development needs, watching this webinar can count towards your annual Continuing Professional Development (CPD) requirement.
By signing up to an ICAS event you are agreeing to our terms and conditions.
ICAS webinar: VAT update
Date: Thursday 30 March 2023
Time: 11:00am until 12:00pm
Event summary
As the 50th anniversary of the introduction of VAT in the UK approaches and following the introduction of MTD for VAT for all VAT registered businesses (unless exempt), there’s certainly been lots of changes on the VAT front.
In this webinar, our experts will reflect on VAT’s evolution since its inception fifty years ago and what the future holds for tax and VAT. They will highlight the key recent and upcoming VAT changes to ensure that you’re up to date with the current guidance. Topical issues raised by ICAS members will also be covered during this online event. After the panel discussion, there’ll be the opportunity for attendees to ask questions during the live Q&A session.
Key themes and topics
- VAT update – the latest developments and upcoming changes
- Issues to consider for you and your client’s business
- Topical issues raised by ICAS members
Speakers
(Please note that views and opinions expressed by speakers at ICAS webinars are their own and not necessarily reflective of ICAS’ views.)
- Host: David Menzies CA, Director of Practice
- Chris Campbell CA CTA, Head of Tax (Tax Practice and Owner Managed Business Taxes)
- Tony Cochrane CTA, Associate Director, RSM
Who’s this for?
- CAs working in tax
- CAs working in business
- ICAS members
- Non members
Counts as CPD activity
Depending upon your individual role and training and development needs, watching this webinar can count towards your annual Continuing Professional Development (CPD) requirement.
By signing up to an ICAS event you are agreeing to our terms and conditions.
ETN and CIOT seminar: Exit Planning - Employee Ownership and Enterprise Management Incentives
Date: Thursday 30 March 2023
Time: 1:00pm until 2:00pm
Event summary
The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a seminar entitled ‘Exit planning – Employee Ownership and Enterprise Management Incentives’ at the Mackenzie Building, Old Assembly Close, Edinburgh on Thursday 30 March 2023.
Gordon Buist, Partner, EQ Chartered Accountants, will deliver a session on the tax-efficient transition to employee ownership, using EMI share options to incentivise key employees:
- Employee ownership – the basics
- Tax advantages of selling a company to an employee ownership trust (EOT)
- Structuring a sale to an EOT in a way that incentivises key individuals using share options granted under the
Enterprise Management Incentives (EMI) scheme - HMRC approach – valuation aspects
- Case study
Registration will commence at 12.45pm with the seminar starting at 1pm. The seminar has been accredited by the Faculty of Advocates as contributing one hour of CPD for its own members and is eligible for a similar award from the Law Society for the solicitor branch of the profession.
There is no charge for attendance, however booking is necessary - to reserve a space at this event please email seminars@terrafirmachambers.com. Spaces will be allocated on a first come, first served basis.
The event will also be live streamed. If you cannot attend in person, you can register for online viewing at: https://cvent.me/409xqd
ICAS webinar: Spring Tax Update: Part one - employment taxes update
Date: Tuesday 11 April 2023
Time: 11.00am until 12.00pm
Event summary
Join our essential roundup of the latest employment policy and practice tax matters including developments in the Spring Budget. In part one, Justine Riccomini and Susan Ball (the current CIOT president) will present an update on the policy and practice landscape.
The session will be followed by a Q&A for the last ten minutes, giving you the opportunity to ask about the latest tax measures, and raise issues, concerns etc.
Key themes and topics
- Employment taxes policy developments
- Employment taxes developments from the Spring Budget
- Key areas of current difficulty for employers and practitioners
Who are the speakers?
(Please note that views and opinions expressed by speakers at ICAS webinars are their own and not necessarily reflective of ICAS’ views.)
- Host: David Menzies CA, Director of Practice
- Justine Riccomini, Head of Tax (Employment and Devolved taxes), ICAS
- Susan Ball, Partner RSM and CIOT President 2022/23
Who’s this for?
- CAs working in tax
- CAs working in business
- CAs working in practice
- CA students
Counts as CPD activity
Depending upon your individual role and training and development needs, watching this webinar can count towards your annual Continuing Professional Development (CPD) requirement.
By signing up to an ICAS event you are agreeing to our terms and conditions.
ICAS tax-related webinars
Catch up on all previous ICAS webinars
Please note that all the feedback we receive from members during webinars, in Q&As and on a day-to-day basis is in turn being fed into Government insofar as it relates to policy and to HMRC insofar as it relates to operational and practical matters.
Please note that views and opinions expressed by speakers at ICAS webinars are their own and not necessarily reflective of ICAS’ views.
HMRC Technical Information
The latest Agent Update is available here: please note the AU is published once a month
The latest Employer Bulletin is available here: please note the EB is published once every two months
HMRC Talking Points webinars are available here
HMRC Community Forums
You can use the HMRC online customer forum to post questions on a range of tax topics that are answered by HMRC experts. The forum now includes “PAYE and Payroll for Employers”.
ICAS members are encouraged to join this.
The Knowledge Base is a new feature which contains answers to FAQs on a variety of topics and where you can find information on a number of subjects to help with tax matters. Content is regularly updated and new material added.
Anyone can view the forum at https://community.hmrc.gov.uk. To post a question, simply register and create a profile.
A registered forum member can:
- View posts
- Add or post topics / questions
UK Government Consultations
The ICAS tax team responds to many consultations on tax issues and welcomes members’ views to assist in preparing responses. If you have any comments on open consultations let us know.
Details of current consultations on tax issues can be found here:
Fancy volunteering on an ICAS tax committee? Email tax@icas.com to let us know!
