CPDStore Ireland

9th April, 10:00

Preparing 2023 Corporation Tax Returns

Speaker: Paul Murphy – Martin J Kelly & Co

In advance of the busy corporation tax filing period this seminar will bring the accountant through the entire filing process pointing out some topical filing tax tips along the way with the aim of ensuring that the CT1 return is filed correctly and efficiently, with a particular focus on the increasingly long and complex “page 1” .

Paul Murphy will cover the following topics during this webinar:

• Review of information required for filing the return
• Common answers and issues with the initial opening ROS section
• Completion of form CT1
• Areas of Revenue interest and intervention
• Current topical issues

By attending this session you will be able to complete the 2023 CT1 return as efficiently as possible and ensure that the correct information is provided to Revenue.

This session will be of particular interest to practitioners and tax advisors.

Course Level: Intermediate

9th April, 12:10

Navigating VAT Complexity: Insights into Current Topical Issues

Speaker: Janette Maxwell – Grant Thornton

This course is designed for accountants and tax advisers who will, at some stage, advise clients on topical VAT issues. Together with PAYE, VAT is the most heavily audited tax by the Revenue Commissioners, so it is vital for advisors to keep up to date with this complex tax.

This course will provide a practical overview and refresher of the Irish VAT aspects relating to property including sales, purchases, leases and licences. VAT on cross border trade within the EU will be considered, together with the VAT implications on imports and exports. The One Stop Shop will be discussed, together with the proposed changes that are being introduced by the VAT in the Digital Age (“VIDA”) reforms.

The course will also describe common mistakes seen in practice and comment on planning opportunities.

In this session Janette Maxwell will cover the following topics;

• VAT on property transactions – VAT treatment of sales and purchases, together with entering into licences and leases. Application of the transfer of business provisions.
• VAT treatment of sales by property developers
• Cross border EU trading - intra EU acquisitions and dispatches
• Exports, imports, commercial incoterms and postponed VAT accounting (PVA)
• EU One Stop Shop and VIDA

By attending this session, you will be able to manage risk from a VAT perspective for your clients by ensuring potential exposures are spotted and managed in a timely fashion.

This session will be of most interest to Accountants and Tax Advisors who encounter VAT issues.

Course level: Foundation / Intermediate

11th April, 10:00

An in Depth Look at the Taxation of Close Companies

Speaker: James Bradley – James Bradley & Co

In this session James Bradley will focus on the following topics:

• The definition of Close Companies
• The tax disadvantages of being a Close Company
• Tax pitfalls regularly looked at by Revenue.
• Computations of the Close Company Surcharges

This course will outline all tax implications of Close Companies. Areas of greatest concern to Revenue when dealing with Close Companies.

Course level: Intermediate

11th April, 12:10

Topical Considerations for Business Disposals

Speaker: Michael O'Scathaill - Crowe

For privately owned businesses, the matter of succession planning will eventually rear its head and can be one of the more challenging issues for SMEs with the interests of a number of parties – including the retiring owners, their family and the business itself – to consider. This session will feature a discussion of the main tax and commercial issues that should be considered including an overview of the key tax reliefs that may be applicable, including some recent changes that may impact significantly on those considering such transactions in the near term. It will consider both a transfer of the business to the next generation and a third-party sale and will look at how the proceeds of any sale might be managed tax-efficiently. The broader issue of how business assets, proceeds of sale and investment and other assets might be transferred to the next generation in a manner that is both tax-efficient while taking account of the interests of all parties will also be considered. On attending this course, attendees should have a good understanding of the key tax issues and reliefs relevant to this area as well as an overview of some of the main non-tax issues to consider.

In this session Michael O’Scathaill will cover the following topics;

• An overview of key tax reliefs in this area including Retirement Relief, Entrepreneur Relief, Business Assets Relief and Agricultural Relief.

• An outline of recent changes announced to Retirement Relief and Entrepreneur Relief and the practical implications for those considering a sale or transfer of their business in the next few years.

• A look at some more complex structures that can be put in place to facilitate a tax-efficient disposal of a business, including the use of personal holding companies and equity structures that facilitate the introduction of family members as shareholders at an earlier stage.

• The major commercial issues that should be considered in the context of a transfer of the business to the next generation or its sale.

• The use of family partnership structures and family holding companies to hold investment assets.

• Structures and strategies for minimising inheritance tax or lifetime transfers of assets.

By attending this session, you will get a good understanding of the main tax and commercial issues that should be considered in the context of a business exit. You should leave the session with a good understanding of the key tax reliefs in this area, including recent changes, and how they may apply either to a transfer of the business to the next generation or to a sale of the business, as well as an appreciation of more complex structures that might be put in place to improve the tax and commercial outcomes. You should also get a good overview of some structures to facilitate the transfer of wealth, either in the disponer’s lifetime or on death, in a tax-efficient manner.

The session will be of particular interest to professionals in the tax, corporate finance and business advisory sectors who advise clients on how to structure their business with a view to facilitating its disposal in a tax-efficient manner and to professional advisors who advise on estate planning.

Course Level: Advanced