The Irish Tax Summit 2016

The Irish Tax Summit

The Irish Tax Summit is one of Ireland's top CPD Courses, gathering together a wide range of Ireland's leading Tax experts.  Accountants love the concise nature of the sessions and the variety of topics that can be completed in just 8 Hours.

  • The Tax Appeals Commission
    • Daragh O’Shaughnessy - AITI, CTA
  • Anti-Avoidance - A New Era
    • Aisling Donohue - O’Boyle & Co
  • Key VAT Issues Including VAT on Property
    • Rose Tierney - Tierney Tax Consultancy
  • The Latest Trends in Revenue Interventions
    • Grayson Buckley - Crowe Horwath
  • Capital Gains Tax and Succession Planning
    • Mark Doyle - Doyle Tax Consultants
  • Topical Tax Planning Issues
    • Michael Smith - FS Tax
  • The Tax Implications of Corporate Restructuring
    • Una Ryan - Grant Thornton
  • Current Personal Tax & Succession Planning Issues
    • Alan Murray - Mazars

The Tax Appeals Commission - A New Regime for Tax Appeals

Presenter: Daragh O’Shaughnessy - AITI, CTA

Overview

• New powers and new procedures
• Modernise and streamline process
• Social Welfare Appeals Office remains

Background

The Finance (Tax Appeals) Act 2015 introduced fundamental changes to how taxpayers can seek to overturn assessments and determinations issued by the Revenue Commissioners. The stated intention of the new legislation is to modernise and streamline the tax appeals system to make it more accessible to taxpayers and more efficient in operation. 

All practitioners involved in the provision of tax advice and the preparation and submission of tax returns will need to be aware of the main provisions of the new regime to ensure that if an appeal becomes necessary, the appropriate steps to protect clients’ interests are taken in a timely manner.

The commencement date for the new regime was 21st March and therefore apart from certain transitional measures for existing appeals as at that date, the new provisions should generally now apply to all appeals regarding income tax, corporation tax, CGT, CAT, USC, stamp duty, VAT, customs, excise and Local Property Tax.

It should be noted that an appeal with respect to a decision made by a Deciding Officer of the Department of Social Protection should still be appealed to the Social Welfare Appeals Office. 

It remains to be seen what practical effect the new legislation and new powers given to the Appeals Commissioners will have on the operation of the appeals process. The following is therefore a brief summary of the most important points to be aware of in taking an appeal under the new regime.


Anti-Avoidance - A New Era

Presenter: Aisling Donohue - O’Boyle & Co.

Overview

It used to be said that the difference between tax avoidance and tax evasion was the width of a prison wall. 

This is now understood not to be the case. The line between acceptable and unacceptable tax planning is not static, it changes over time. By definition all taxation creates a conflict between an individual’s right to own property, and the State’s ability to regulate that property (or income) ownership in the name of the common good.

  • What do we mean by “avoidance”?
  • Definitions
  • How do you know if Revenue may challenge it?
  • How likely is the planning to succeed?
  • Politics - Times of Austerity
  • Social Cohesion
  • Faith in the System - HSBC
  • “only the little people pay tax”
  • Historically
  • The Courts
  • The Tax Authorities (& Courts)
  • Politicians
  • Legislation
  • On the Ground
  • The Campaigns - Doctors
  • Assessing Risk
  • The campaigns - Dentists
  • The Campaigns – Likely to come
  • Bona Fide Tests
  • Retirement Relief
  • Transfers of Personal Goodwill on Incorporation
  • Excessive family salaries
  • Recharges
  • Charities
  • Moving Pension Funds Offshore
  • Precedents
  • Time Limits
  • Assessing Risk

Key VAT Issues Including VAT on Property

Presenter: Rose Tierney - Tierney Tax Consultancy

Overview:

• Finance Act 2015 changes
• Recent eBrief’s
• ECJ Case Law

  • Electricity & Gas Reverse Charge
  • Penalties
  • Changes to VAT on Training
  • Recognised body as defined in Schedule 1 VAT Act
  • Capital Good changes – Uncompleted Buildings
  • Revenue eBrief 113/15 updated guidance on Transfer of Business relief
  • Vacant properties
  • VAT changes in anti‐fraud area
  • Anti‐fraud audit activities Region
  • ECJ Case Law
  • Is the responsibility being shifted from Revenue to taxpayer?

The Latest Trends in Revenue Interventions

Presenter: Grayson Buckley - Crowe Horwath

  • Why Revenue Carry Out Revenue Audits
  • Types of Revenue Interventions
  • Audit Selection Process
  • E-Audits
  • Current Revenue Projects
  • New Code of Practice
  • Mitigation of Penalties
  • Self Correction
  • Technical Adjustments
  • No Loss Of Revenue Claims

Capital Gains Tax and Succession Planning


Topical Tax Planning Issues


The Tax Implications of Corporate Restructuring

Presenter: Úna Ryan - Grant Thornton

Overview:

  • Commercial Reasons
  • Reconstructions
  • Amalgamations
  • Two Party Swap
  • Reliefs – Capital Gains Tax (CGT)
  • Proportionality Test
  • Clawback of relief from CGT – S625 TCA 1997
  • Stamp duty relief
  • Three Party Swap
  • CGT relief for shareholders – S587 TCA 1997
  • Stamp duty relief on 3 party swaps
  • Distributable Reserves
  • Case Studies

Current Personal Tax & Succession Planning Issues

Courses
Program Details
  • Max Subscription Days:
    180
  • Credits:
    8.0
  • Code:
    OPIATS16
  • Price:
    €130.00 by Stripe