Principles of Tax

Course Summary

This course aims to provide delegates working in trust and banking with a greater understanding of tax regulation.

The workshop will:

  • Focus on practical tax awareness for those in the fiduciary industry to mitigate risk
  • Understand the fundamentals of domicile, residence, gains, income and transfer pricing
  • Use a number of potential tax-related scenarios to demonstrate when further guidance will be required.

Introduction

Experience has taught course trainer, Will Morgan, that Trust Officers often do not understand the taxation drivers behind their client structures and transactions.  Therefore, this course will focus on providing delegates with a greater understanding of the tax environment within which their clients operate.

Topics

Individuals:
- Income tax
- National insurance
- Capital gains
- Inheritance tax
- VAT
- Other taxes.

Domicile and Residence:
- Residence
- Becoming non-resident
- Domicile
- Non-UK domiciled
- Implications
- Recent changes.

Trust:

- Basics of trusts
- Tax liability
- Finance Act 2008
- 10 year charge.

Companies:
- Corporation tax
- UK companies
- Zero-10 (Guernsey / Jersey / IOM)
- Offshore non-resident companies
- Permanent establishments
- Capital gains
- Administration.

Course Benefits

In attending this course, delegates will gain an understanding of:

  • Tax domicile
  • Capital gains tax, income tax , inheritance tax
  • What is 10 year charge
  • What are ATED, NRL, SDLT
  • Transfer pricing
  • Basic offshore tax planning
  • Round up – utilising knowledge to identify risk.

Tutor Profile

Will Morgan is an award winning tutor who has been running courses in Guernsey, Jersey, Dublin and the UK for the past 10 years. Will previously worked for BPP Professional Education and has been training independently for the past 8 years.

Will is now the Managing Director of Offshore, a specialist accounting outsource provider, based in Guernsey employing 15 professionals working for a variety of clients in the trust, fund, commercial and public sector.

Will’s training has been adapted over the years based on the work he has undertaken in the Channel Islands, understanding the practical skills that professionals need, rather than theoretical concepts.

His classes are highly interactive; sometimes amusing and always engaging.

Course at a Glance

  • Next Start Date: 21 March 2018
  • CPD Points: 7
  • Course Cost: £295.00
  • Course Length: 1 day (09:00-17:00)
  • Location: GTA University Centre, Guernsey
  • Tutor: Will Morgan

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

Latest Articles



Latest from Twitter



Want to learn more? Sign up to our mailing list!



We will email you from time to time to update you on upcoming courses, events and conferences.