CPDStore

28th Nov, 09:00

Operating UK Payroll Withholding for Inbound and Outbound Expats

Speaker: Tim Kelsey – Kelsey’s Payroll Services Ltd

Even in an uncertain world, globalisation doesn’t go away and businesses large and small will be working internationally. Whether your clients are receiving secondees into the UK or sending Brits abroad, are you confident that you know which people you have to operate UK payroll deductions for. And even if you don’t have deductions to make, do you have reporting obligations to meet? Our focused 100min session will look at how wide ranging the obligation to operate UK payroll requirements – and also how to mitigate this. We explain the interaction between business visitors and the UK’s network of Double Taxation Agreements. The session will also explain how to use the optional variants to standard PAYE that HMRC

In this session Tim Kelsey will cover the following topics;

• The scope of UK PAYE liability
• Double Taxation Agreements – how they work regarding salaries and Business visitors
• Modified PAYE and NIC Schemes to ease the PAYE burden
• Net of Foreign Tax Credit Relief when dual liability arises
• NIC liability for international employees

By attending this session, you will be able to identify whether or not UK withholding applies to an employee. If it does, you will know that there are options in terms of arranging payroll processing that will make your life easier!

This session will be of most interest to any business which directly receives visitors from overseas or sends Brits abroad, or for tax advisers of clients who do this. It is of particular interest to those with responsibilities for payroll processing.

The session will refer to the latest developments regarding National Insurance liability within the EEA.

Course Level: Intermediate / Advanced

28th Nov, 11:00

VAT - Some Tricky Areas to Be Aware Of

Speaker: Carl Bayley – Author & Presenter

Course details will be available closer to the event date.

28th Nov, 13:40

Financial Reporting: Challenging Areas

Speaker: Edward Rands – ECR Professional Ltd

This session will take a look at some of the most common financial reporting issues, as identified by the Financial Reporting Council (FRC) in its latest report, the “Annual Review of Corporate Reporting 2023/24”. It will identify for both preparers and auditors of financial statements the principal areas which they need to focus upon to ensure compliance, based upon the findings of monitoring undertaken by the UK’s financial regulator.

Edward Rands will cover the following topics during this presentation:

• An overview of the FRC’s latest report and the monitoring work upon which it is based, along with a review of the “Top 10” findings.

• Impairment of assets: The number 1 issue in FRC’s 2023/24 report (and 2022/23), including the importance of using appropriate key inputs and assumptions, the correct impairment method and the need for careful consideration by parent companies of the recoverability of investments in their subsidiaries.

• Cash flow statements: The second most common issue in this year’s report (and a former number 1), including the need for accurate classification of cash flows, the importance of consistency between reported cash flows and other information in the annual report, and consideration of an accurate definition of cash and cash equivalents.

• Revenue recognition: At number 4 in the latest report, and relevant not only to IFRS preparers but also to those following UK GAAP as a result of the forthcoming changes to the requirements of FRS 102 and FRS 105.

• A look ahead: FRC’s expectations for financial reporting in 2024/25, including pre-issuance checks, assessment and disclosure of risks and uncertainty, and the importance of fair, balanced and comprehensive narrative reporting.
By attending this session, you will obtain an understanding of the areas most commonly requiring improvement in published financial statements. This is relevant to both preparers and auditors of financial statements.

This session will be of particular interest to anyone involved in the preparation or audit of published financial statements.

The technical level is quite advanced but the session is relevant to anyone involved in the preparation or audit of published financial statements.

28th Nov, 15:40

Title TBC

Speaker: Jemma Fairclough-Haynes – Orchard Employment Law

Course details will be available closer to the event date.