Our tax team enjoy opportunities to share their expertise via external training courses. This includes R3, the trade association for UK insolvency and restructuring professionals.
We’re pleased that Anthony Newgrosh, our head of business tax, spoke at two sessions for R3’s training academy this month:
Introduction to Insolvency: Corporation Tax and VAT
A joint session with James Hopkirk from Kreston Reeves on 24 October 2022. Anthony presented an Introduction to Basic Corporate Tax Compliance.
Anthony covered the key rules of corporation tax and the special provisions relevant to companies in administration and liquidation. This included how the appointment of an IP affects accounting periods of companies, loss relief and the tax issues surrounding the restructuring of distressed businesses.
Restructuring Boot Camp Series: Key Tax Issues in Restructuring
Anthony’s presentation on 27 October 2022 covered:
- Groups: the tax reliefs
- Implications of administration and liquidation
- Restructuring the group: transfers of trades, share for share exchanges, demergers (statutory, Section 110, capital reduction)
- Substantial Shareholding Exemption (SSE)
- Anti-avoidance: cessation of trade, exit charges, changes in ownership, liquidations
- Property sales
- Debt restructuring
Thank you to everyone who came to these sessions.
If you’re interested in a session run by our tax team for your colleagues, at your office or online, please get in touch with us using our enquiry form.