HMRC and the handling of CRS Data

Course Summary

The introduction of the Common Reporting Standard (CRS) means that by the end of 2018 HMRC will be receiving more data on financial assets from offshore jurisdictions. This half-day course provides an awareness of how HMRC uses and interrogates data provided under the Common Reporting Standard (CRS) and its implications for tax payers.

Topics

  • Background to CRS – why HMRC wanted it, the mischief it is tackling, data sources, the encouragements and potential future sanctions
  • What HMRC does with the CRS data it collects – the practical side of receiving and matching information
  • The legal aspects of providing data – challenges and reputational impact
  • Cases – including CIP, MN and the demonstration of CONNECT by HMRC
  • Practical aspects – what if data is wrong, who to talk to at HMRC if a formal disclosure is not appropriate, and changing legislation

Tutor Profile

Andy Maxfield and Paul Malin are both Partners at Haines Watts, a firm of chartered accountants and tax experts. They have a demonstrated history of providing advice and are skilled in tax disputes, tax disclosures, tax investigations and residency and domicile issues.

This course will be co-delivered by Justin McGilloway, Partner at Wedlake Bell. Justin joined Wedlake Bell in 2010 and became a Partner in 2012. He trained with KLegal (KPMG’s law firm) and qualified in 2003 with McGrigors (now Pinsent Masons) specialising in all aspects of employee benefits including tax efficient bonus planning structures and share schemes. He then spent 4 years at Hogan Lovells where he specialised in pensions law. During the past decade he has been involved in unwinding historic Employee Benefit Trust (EBT) arrangements and negotiating settlements with HMRC.

Course at a Glance

  • Next Start Date: 28 November 2017
  • CPD Points: 3
  • Course Cost: £125.00
  • Course Length: 09:00-12:00
  • Location: GTA University Centre, Guernsey
  • Tutor: Haines Watts

There are no dates currently available for this course, If you would like to register your interest please complete the form below:

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