Tax Planning for Sportspeople & Entertainers
March 22, 2012
Radisson Edwardian Boomsbury Street Hotel
London, UK
| 9:00 | Registration & Coffee |
| 9:30 | Chairman’s Welcome and Introduction |
| 9:40 | Residence & Domicile Issues for Sports Players & Entertainers
Amanda Hardy—Barrister, 15 Old Square Tax Chambers
- Steps to take when leaving the UK & before arrival - Postponing non-residence status - Preserving non-domiciled status - Planning for the statutory residence test - Olympic concessions |
| 10:20 | Employer Remuneration Strategies
Jo Summers—Partner, PWT Advice
- The use of EBTs/EFRBS post FA 2011 - Cash extraction from existing trusts - What to do about loans - Offshore planning opportunities for international pensions - Question & Answer |
| 11:10 | Morning Refreshments |
| 11:25 | Image Rights: Getting the Best Deal
- Creating tax-efficient image rights contracts
- The use of offshore structures - Valuation & sale of image rights - Structuring licensing vehicles - Future developments including a cap |
| 12:05 | Case study: Tax-efficient image rights structures
Freddie Huxtable—Head of Private Clients, RSM Tenon
- A step-by-step guide to the key points in practice - Best & emerging practice - Avoiding common structuring pitfalls |
| 12:45 | Question & Answer Session |
| 12:50 | Lunch |
| 13:50 | Taxation & Endorsement Income
Pete Hackleton—Senior Manager, Saffrey Champness
- The taxation of endorsement income—a brief history - Current situation for non-UK resident athletes - Apportionment calculations - Inequalities between sports & exemptions: What happens next? |
| 14:30 | Tax Litigation of Sportspeople & Entertainers
Jeff Millington—Partner, Smith & Williamson
- Historical background to HMRC enquiries - The future of enquiry work into sportspeople & entertainers - Information gathering: sources of information for HMRC - Dealing with information requests & requests for real-time inquiries - Technical or fraudulent inquiry? |
| 15:10 | Question & Answer Session |
| 15:30 | Afternoon Refreshments |
| 15:50 | Planning for Non-domiciled Sportspeople & Entertainers
David Kilshaw—Head of Private Client, KPMG
- The use of offshore structures—how to select the best vehicle - Remittance of income - Structures for UK property investment - Planning pitfalls & opportunities |
| 16:30 | Managing Withholding Tax for Sportspeople & Entertainers
Kevin Offer—Consultant, 41GP Partnership LLP
- What is Withholding Tax & when does it apply? - The need for accurate documentation & recordkeeping - Dealing with the FEU - Issues in other territories - The Olympics & other events |
| 17:00 | Question & Answer Session |
| 17:05 | Chairman’s Conclusion |
| 17:10 | Close of Conference |