April webinars – capital allowances, MTD, off-payroll and more

April is a busy month for the Tax Faculty as we have no less than six webinars available to members.

We also run other events and webinars which will be of interest to members and which are free to members of the Tax Faculty. You do not have to be an ICAEW member to join the Tax Faculty. Visit the ICAEW.com website to see the full list of our events in 2019.

So far this month we have presented four webinars, recordings of which are available:

IFRS 16: leases – the tax implications

International Financial Reporting Standard 16 (IFRS 16) Leases comes into force for accounting periods beginning on or after 1 January, replacing International Accounting Standard 17 (IAS 17). Under IFRS 16 the distinction between operating leases and finance leases disappears for the lessee. Instead, a right of use asset and lease liability should be recognised in respect of all leased assets including assets leased under what would be considered to be an operating lease under IAS 17. This webinar explores the accounting and tax implications of the new rules with numerical examples. This webinar is available to members of the Tax Faculty and a recording of the webinar can be now be accessed.

Off-payroll working in the private sector – the consultation proposals

On 5 March 2019 the government published a second consultation to consider the reform of off-payroll working in the private sector. In this webinar Anita Monteith and Sarah Ghaffari explain the changes proposed in the consultation, which include:

  • An exemption for small engagers
  • Who is liable for deducting tax at source
  • How information will flow through the supply chain
  • A dispute resolution process

A recording of this webinar, which is available to all ICAEW members and faculty subscribers, can now be accessed.

Demystifying Making Tax Digital: agent sign up process

The first steps towards implementing MTD for VAT are to choose suitable software and to agree with clients the responsibilities for maintaining digital records and filing MTD for VAT returns.

Once the business and agent are ready to make the transition there are four important steps to be followed - set up an agent services account, link current client authorisations, authorise the MTD software product(s) and sign up each client individually to MTD for VAT - with the timing of some of these steps being critical.

In this webinar Caroline Miskin and Anita Monteith provide a detailed step by step guide for agents on implementing MTD for VAT.

A recording of this webinar, which is available to all ICAEW members and faculty subscribers, can now be accessed.

Demystifying Making tax Digital: business sign up process

The first steps towards implementing MTD for VAT are to choose suitable software and to agree responsibilities for maintaining digital records and filing MTD for VAT returns with any third party agent or bookkeeper.

Businesses that choose to maintain their own digital records and to file their own MTD for VAT returns need to follow some specific steps including authorising their software and signing-up to MTD for VAT at the appropriate time.

In this webinar Caroline Miskin and Frank Haskew provide a detailed step by step guide for businesses on implementing MTD for VAT.

A recording of this webinar, which is available to all ICAEW members and faculty subscribers, can now be accessed.

Upcoming webinars

We also have two more webinars this month. Have you signed up yet?

Capital allowances – the new rules: 17 April at 11:00

Autumn Budget 2018 announced a suite of measures in relation to capital allowances, including the new structures and buildings allowance, a temporary increase to the annual investment allowance and a reduction in the writing down allowance for the special rate pool. As well as the rules for these changes, we will also provide illustrative examples and practical tips, including how to maximise capital allowances and take advantage of the reliefs available.

Join Nigel Holmes, Senior Tax Specialist, Catax and Sarah Ghaffari, SME Technical Manager, ICAEW, for this informative webinar which will unpick the new rules.

This webinar is freely available to all ICAEW members and faculty subscribers. Book your place now!

Business tax update: 25 April at 11:00

In this webinar Anita Monteith and Sarah Ghaffari will explain the latest key tax rules and reliefs affecting business. From changes to capital allowances, including the new structures and building allowance, to off-payroll working (also known as IR35) there will be plenty to talk about.

We will also provide you with the latest on Making Tax Digital, research and development tax relief and some key changes affecting employment tax.

This webinar is available to all ICAEW members. You can book your place here.