Webinar courses

This course will cover the key points concerning: The CIS tax responsibilities of both the contractor and subcontractor under the current CIS regime The 2020 changes to the construction industry tax regime Verification and the steps contractors have to take The dealings the contractor will have with HMRC The monthly CIS return: its completion and filing The impact on the subcontractor How to reclaim CIS deductions under the new regime Is the subcontractor really self-employed? Current problems facing contractors and subcontractors What really are construction operations Who are within the scheme and who are not Case studies CIS penalties Current IR35 issues facing the construction industry Revenue press releases and guidance Practical CIS planning The new CIS VAT domestic reverse charge General overview

This course will consider both corporation tax and issues for employers. Content Recent legislative changes and relevant case law Consultations that may affect the tax liability of the company HMRC pronouncements and their potential impact

This course will consider International Personal Tax fundamentals and the significant changes affecting the taxation of internationally mobile individuals that have been made in recent years. In particular, the introduction of the Statutory Residence Test from April 2013 brought a significant change to the approach for determining residence which impacts on incoming and outgoing clients. More recently there has been reform on a range of aspects affecting non-UK domiciles primarily in Finance Act 2017 (2) and effective from 6 April 2017. This particular session focuses on all matters domicile and will examine the key elements of these developments as well as ensuring that you are equipped with the fundamentals required when dealing with non-UK domiciled clients. There is a separate session which focuses on Residence. Content will include: Types of domicile and significance UK tax treatment of non-UK domiciles Income tax implications including Employment Income Remittance Basis CGT implications IHT implications

Significant changes affecting the taxation of internationally mobile individuals have been made in recent years. In particular, the introduction of the Statutory Residence Test from April 2013 brought a significant change to the approach for determining residence which impacts on incoming and outgoing clients. More recently there has been reform on a range of aspects affecting non-UK domiciles primarily in Finance Act 2017 (2) and effective from 6 April 2017. This is considered in a separate session on Domicile. This session focuses on ‘residence’ and will examine the detailed workings of the Statutory Residence Test as well as the significance of residence for tax. In addition, recent CGT developments for non-UK residents will be included. Content will include: The Statutory Residence Test Detailed review of the three tests Dealing with the split year rules The anti-avoidance rules The impact of residence and non-UK residence Income Tax Capital Gains Tax IHT

The rules known as IR35 were first introduced in 2000 but there have been a number of changes since then. These include a re-write of the legislation and some subtle changes, including changes in FA 2013. In addition, the changes to payments from the public sector are now with us. The objective of the course is to examine the new rules in detail but it will also consider the wider issue of service companies in relation to IR35, the agency and also the managed service company rules. This course will cover the key points concerning: • Conditions for liability • Calculation of the deemed payment • A review of the status issue • Recent cases • Recent developments • Recent HMRC guidance

HM Revenue & Customs first published a Making Tax Digital (MTD) roadmap in December 2015. Since then we have moved through twists and turns and in 2019 we will see the first tangible impact on businesses with the digitalisation of business records and VAT Return submission process. There also continues to be movement in Making Tax Digital for Individuals. This course will update delegates to the latest position and discuss action now needed. Content: • The go-live for Making Tax Digital for VAT • Impact on all businesses from sole traders through to companies • Exemptions and optional aspects • Digitalisation of business records – mandatory versus best practice • Considerations for those using VAT schemes • Penalties and soft-landing periods • Options around Making Tax Digital for income tax • Latest HMRC Guidance • Practical points and examples

This course covers the key points concerning: Recent developments and points of interest in RTI /PAYE administration including PAYE coding, student loans, NLW/NMW Employment status and off payroll working Employment allowance changes and impact NIC developments and practice points of interest Termination payments and Class 1A Benefits and expenses – update and problem areas Statutory payments update and developments Auto enrolment developments and issues

This session focuses on selected aspects of CGT as they affect residential property ownership by the individual with emphasis on recent developments and case law. Key issues on Principal Private Residence including new developments Returns and payment system for disposals after 5 April 2020 Non UK residents and residential property gains Incorporation of a property residential business Furnished Holiday Lettings and CGT reliefs Recent developments and points of interest The content for online courses predating 2020 may vary. This webinar forms one of a three part series which will consider taxation aspects of residential property for the individual. Each part can be used as a standalone session. Click on the following to see the other webinars: Inheritance Tax Income Tax

The inheritance aspects of both lifetime and death planning on the family home will be the focus including the new residence nil rate band. A secondary focus will be to consider IHT aspects of investment residential property including property used for furnished holiday lettings. Course content will include: Lifetime planning issues General planning factors The Gift with Reservation pitfall Pre-owned assets Death planning matters The new residence nil rate band including downsizing Other death planning with the family home including trusts Planning with other residential property Jointly owned assets The CGT problem Raising a loan The BPR problem Non-UK domiciles UK residential property changes Recent developments or points of interest The content for online courses predating 2020 may vary. This webinar forms one of a three part series which will consider taxation aspects of residential property for the individual. Each part can be used as a standalone session. Click on the following to see the other webinars: Capital Gains tax Income Tax

This session focuses on property letting aspects of residential property with emphasis on recent developments to include: Jointly owned properties Finance costs restriction for residential property lettings Replacement furniture relief The property allowance Cash basis for property business Rent a room relief Furnished Holiday Lettings – income tax Property letting losses Family investment companies Other recent developments or points of interest The content for online courses predating 2020 may vary. This webinar forms one of a three part series which will consider taxation aspects of residential property for the individual. Each part can be used as a standalone session. Click on the following to see the other webinars: Inheritance Tax Capital Gains tax

The course will update participants on the latest developments in direct taxes, particularly those that give rise to planning opportunities, and the pitfalls that they and their clients need to avoid. Full coverage will be made of all relevant changes to legislation and HMRC guidance and practice, as well as the most recent case law decisions, in the areas of: • Personal tax • Employee tax • National Insurance • Business income tax • Corporation tax • Capital Gains Tax • Inheritance Tax

This course will cover the latest developments and changes to the SRA Accounts Rules (previously known as Solicitors Account Rules) and Reporting Accountant Requirements. It will also provide a useful refresher as to how the changes which came into effect in 2015 have affected the Reporting Accountant. This course covers the key points concerning: Changes to the SRA Accounts Rules are expected to come into force during 2019 (at the time of drafting this outline precise timescales have yet to be announced) which will make the Rules far less prescriptive and allow solicitors more flexibility in achieving the desired outcome of keeping client money safe. In November 2015 the role of the Reporting Accountant changed significantly. From that date the old SRA Accounts Checklist disappeared and accountants are now expected to exercise their professional judgement in preparing their report. With such a moving target, it is essential that everyone involved in such assignments is fully aware of their responsibilities. This course is suitable for all those with an understanding of the existing Solicitors’ Accounts Rules 2011 who need to gain an insight into future changes and refresh their understanding of the 2015 changes to the Reporting Accountant’s responsibilities.

This course will cover the key points concerning: Introduction to the basics of SDLT When the higher rates of SDLT might apply and how they can be avoided Partnership SDLT Reliefs available and how they can be claimed

This course will provide an update regarding changes to IFRS requirements to be adopted within the EU, together with a refresher on newer or complex issues. Current adoption of IFRS in the UK – a refresher Changes for periods commencing 1 January 2020 IFRS 9 Financial Instruments – implementation issues IFRS 15 Revenue from contracts with customers – implementation issues IFRS 16 Leasing – implementation issues The revised Conceptual Framework Improvement project updates IFRIC amendments and decisions Exposure drafts and discussion papers Common issues identified in IFRS accounts Remaining differences between IFRS and UK GAAP

This course will cover the key points concerning: Loan relationships Company losses Property matters Raising finance - loans and equity Director loans Intangibles Relevant announcements from Budget 2020

Trusts may have an important role to play in tax planning but many individuals are wary of them because they don't understand what trusts are and how they work. In this online course we will aim to explain the key elements of a trust. This will cover: key roles - settlor, trustee and beneficiaries rights of beneficiaries duties of trustees life of a trust uses of trusts

This webinar is an opportunity to focus on essential capital gains tax (CGT) matters arising in relation to UK trusts. Examples and a structured explanation of how the rules operate are included. This course is aimed at those who whilst having working knowledge of CGT for individuals require an essential overview of the way in which CGT operates for a UK trust. The session is not generally aimed at those new to the profession. Specific areas to be included Capital taxes and types of trust Overview of key trust CGT principles Gift relief and trusts Identification of occasions of charge: actual and deemed disposals Entrepreneurs’ relief and trusts Selected other CGT relief trust matters

Quorum Training webinars are in association with Mercia incorporating SWAT and available on a membership or for individual purchase. This session will cover key points concerning: Zero-rated new construction work Reduced-rated building conversions Sales of new residential property Non-exempt property transactions The option to tax in detail Sale and purchase of let property The construction sector reverse charge

This course covers the VAT implications of buying and selling goods and services across borders and addresses common errors and missed opportunities in VAT accounting in this area. Reporting requirements are also addressed. Content: The extent of the EC and the implications of Brexit Imports and exports Acquisitions and EC sales Supplying services to overseas customers Buying in services from overseas suppliers The reverse charge EC Sales Lists and Intrastats Overseas VAT recovery Overseas registration issues

The objective of this course is to look at the income tax computations necessary for trust compliance of both interest in possession trusts and discretionary trusts. This course aims to cover the following key points: Companies Act 2006 requirements for the preparation of group accounts, the relevant exemptions and exclusions and disclosure requirements The changes introduced by FRS 102 Acquisition accounting especially fair values, goodwill and intangibles Non-controlling interests and the problem of subsidiaries with net liabilities Disposals of interests in subsidiaries Accounting for associates and joint ventures Cash flow statements Accounting for group reorganisations including new top-holding companies and hive-ups

During their discussion, John and Michael share insight the different factors that affect motivation. They share tips as to how to motivate the different members of your team, leaving them feeling valued, rewarded and developed.

The online course is designed to make delegates aware of the regulatory requirements and relevant guidance issued by the appropriate professional bodies. The course will also cover topical issues relating to money laundering. Content: Money Laundering Regulations 2017 Any updates to the guidance or any AML related pronouncements by the main regulatory bodies Any recent legislation or case law having an impact on AML issues Updated information about countries with equivalent and/or weak AML regimes Guidance on the common problems experienced by firms when implementing AML policies and procedures What’s new? Changes that have occurred or are expected

This online course provides an update on important changes in VAT in the preceding six months and an outline of any significant forthcoming developments. Major cases and changes in HMRC policy or law will be covered, with a pointer to potential problem areas for clients.

This course covers the key points concerning Recent and forthcoming changes to UK GAAP Changes to the Companies Act that have impacted on corporate reporting Key issues affecting micro entities, small companies and medium/large companies (including strategic reports) Regulatory issues including changes affecting Charities, Academies, LLPs and specific sectors An overview of changes to International Accounting Standards and the likely impact on UK GAAP

This course provides an up to date summary of any recent changes to financial reporting in the UK as well as practical guidance on the implementation of UK GAAP. The content of the course will depend on what is topical in 2020 and will aim to address issues facing micro, small and medium/large entities - whether through changes in legislation, or through implementation of FRS 102 and FRS 105. Content is likely to include: Changes to UK GAAP Changes to the Companies Act that will impact on corporate reporting Issues affecting micro entities, small companies (including abridged and ‘filleted’ accounts) and medium/large companies (including strategic reports) Regulatory issues including changes affecting Charities, Academies, LLPs and specific sectors An overview of changes to International Accounting Standards and the likely impact on UK GAAP

This course will provide attendees with a review of the system for relief of capital expenditure by businesses. It will consider practical problem areas and current topical issues Identifying capital expenditure and the meaning of ‘repair’ Plant and machinery – meaning and eligibility Claiming plant and machinery allowances, including the AIA and integral features Specific issues with capital expenditure on plant Recent developments including the Structures and Buildings Allowance

VAT for law firms is not as straightforward as it may appear at first glance. Scratch beneath the surface and there are, in fact, many risk areas, special rules and opportunities to improve VAT efficiency. Getting the detail right is, of course, vital for minimising VAT risks in the legal sector. Quorum Training have designed a suite of six bite-size webinars that will give you a sound understanding of the VAT rules and practical issues for law firms covering the following areas. Each module is delivered via our LMS system and includes: A clear interactive format Evidence of completion with end of module quiz Completion reports Cost effective multi-user license available on request Module One – VAT Basics In order to correctly account for VAT, it is important to have a good understanding of basic principles. This module forms the foundation for this webinar. 1. Scope 2. Registration and returns 3. Making Tax Digital 4. VAT invoices 5. Time of supply 6. Special schemes Module Two – VAT Treatment of Services Legal services are generally subject to standard rate VAT when supplied in the UK. This module looks at important exceptions and exemptions that may affect law firms. 1. Basic position 2. Office holders 3. Financial services and insurance 4. Land and buildings Module Three – Place of Supply of Services Knowing where a service is deemed to take place is essential in correctly accounting for VAT. This module looks at the rules used to determine the ‘place of supply’ and related issues. 1. Why is the place of supply important? 2. General rule 3. Reverse charge 4. EC Sales Lists 5. Land related services 6. Conferences and events 7. E-services Module Four – Disbursements The VAT treatment of disbursements is a contentious issue and is a hot topic following recent case law. This module takes a practical look at the VAT disbursement rules, as they currently stand. 1. What’s the issue? 2. Disbursement conditions 3. Is it beneficial? 4. Recent developments 5. Search fees 6. Reports 7. Counsel’s fees 8. Examples Module Five – Reclaiming Input VAT Input VAT reclaims are a common source of errors. This module looks at a wide range of input VAT recovery rules which affect law firms. 1. Basic rules 2. Specific cases 3. Six month rule 4. Partial exemption Module Six – Risk Management The VAT rules are strictly enforced by HM Revenue and Customs and getting it wrong can result in penalties and interest. Module six looks at how to manage the risk of VAT errors and disputes with HM Revenue and Customs. 1. Error correction rules 2. VAT inspections 3. Penalties 4. Appeals and disputes

The VAT rules are strictly enforced by HM Revenue and Customs and getting it wrong can result in penalties and interest. Module six looks at how to manage the risk of VAT errors and disputes with HM Revenue and Customs. 1. Error correction rules 2. VAT inspections 3. Penalties 4. Appeals and disputes

Input VAT reclaims are a common source of errors. This module looks at a wide range of input VAT recovery rules which affect law firms. 1. Basic rules 2. Specific cases 3. Six month rule 4. Partial exemption

The VAT treatment of disbursements is a contentious issue and is a hot topic following recent case law. This module takes a practical look at the VAT disbursement rules, as they currently stand. 1. What’s the issue? 2. Disbursement conditions 3. Is it beneficial? 4. Recent developments 5. Search fees 6. Reports 7. Counsel’s fees 8. Examples

Knowing where a service is deemed to take place is essential in correctly accounting for VAT. This module looks at the rules used to determine the ‘place of supply’ and related issues. 1. Why is the place of supply important? 2. General rule 3. Reverse charge 4. EC Sales Lists 5. Land related services 6. Conferences and events 7. E-services

Legal services are generally subject to standard rate VAT when supplied in the UK. This module looks at important exceptions and exemptions that may affect law firms. 1. Basic position 2. Office holders 3. Financial services and insurance 4. Land and buildings

In order to correctly account for VAT, it is important to have a good understanding of basic principles. This module forms the foundation for this webinar. 1. Scope 2. Registration and returns 3. Making Tax Digital 4. VAT invoices 5. Time of supply 6. Special schemes

IFRS 16 Leases became effective on 1 January 2019, replacing IAS 17 and a number of interpretations. The former standard classified leases into operating or financing leases, with operating leases staying off the balance sheet of a lessee. However IFRS 16 requires all leases to come onto the balance sheet as a right-of-use asset and a lease liability, with the exception of short-term or low-value leases. With almost all companies using leases, this new standard brings trillions of pounds of new debt onto the balance sheets of corporate lessees, impacting on gearing and affecting loan covenants. The accounting changes also extend to the P&L as the flat operating lease charge is replaced with depreciation, interest and possibly impairments. This brings a change to the pattern of expense in the P&L, affecting performance measures such as EBITA and performance related pay. It is not just the financial statements and disclosure notes that will be affected. Managing the accounting requirements of IFRS 16 will bring increased demands on IT functions, accounting systems, processes and internal controls over the many judgements and assumptions made. Even identifying all the leases on transitioning to the standard will be challenging. Few companies hold a comprehensive list of all leases or the legal lease contracts and sometimes leases can be embedded in other contracts, requiring work to determine whether they need to be recognised alongside the explicit leases. Quorum are delighted to offer a suite of webinars that will guide you through the detailed requirements of IFRS 16, from first-time adoption, identifying leases, and the accounting by both lessees and lessors. The webcasts are broken down into five 20-30 minute sessions, with exercises and illustrations to reinforce learning. Module 1 – Introduction The first session provides an Introduction to IFRS16 and the reason for its introduction. It considers the effective date for entities before looking at the key principles and the transitional rules on first-time adoption Module 2 – Identifying a lease Leases may exist in contracts that aren’t necessarily labelled as leases. This session examines the detailed criteria for determining whether a contract contains a lease. Next the lease must be split into lease and non-lease components. This session explains how to identify and measure the split, and the respective accounting treatment for the different components. Finally it considers the definition of “lease term” that is used by both lessees and lessors when measuring their leases. Module 3 – Lessee accounting Module 3 considers how a lessee initially measures the right-of-use asset and lease liability, requiring an understanding of the relevant lease payments, the lease term and the appropriate discount rate. At the reporting date, it explains and illustrates how the asset is updated for depreciation and impairment, and how the liability is remeasured at amortised cost. Finally it considers the adjustments required where various estimates are revised causing the leased asset and liability to be remeasured. Module 4 – Lessors Lessors are largely unaffected by the introduction of IFRS 16 and will continue to classify their leases as operating or financing. This session considers the classification distinction and the accounting for the two types of lease by both regular lessors and manufacturer/ dealer lessors. Module 5 – Exemptions and sale & leasebacks This session explains the limited number of elections and exemptions offered by IFRS 16 to simplify the accounting. The second part of the session works through the new requirements for accounting for sale and leasebacks, with significant changes from the treatments under IAS 17.

In module 3 we explained that the accounting by lessees applying IFRS 16 is fairly onerous. Calculating the initial asset and liability, and regularly reassessing the estimates and assumptions is a big step-up from the former IAS 17 treatment for operating leases. However, the non-accounting consequences must also be considered. As a lessee, bringing the lease liability onto your SFP can have a significant impact on debt covenants. And, as the asset depreciation and finance costs fall below EBITDA, it also changes the profile of your P&L. Understandably, many lessees would prefer NOT to recognise their leases! So in this session we will see 3 exemptions and exceptions that can help simplify the accounting. Afterwards we will look at the accounting for transactions where an entity sells an asset and then leases it back.

The first thing we will focus on in this lesson is the classification of leases, and then we’ll be dealing with the accounting by a lessor for operating leases, followed by that for finance leases. Finally we will see there is a slight tweak to the accounting where a finance lease is provided by the manufacturer of that leased asset, or where the lessor is a dealer offering the customer the chance to pay cash or to lease the asset.

In this lesson we focus on the accounting for leases by a LESSEE. Firstly, we will consider how to initially measure the leased asset and lease liability, and then what happens at the end of each year to adjust the two carrying amounts.

In this lesson we will explore the idea that leases may exist in contracts that aren’t necessarily labelled as leases. We will see the criteria for determining whether a contract contains a lease.

In our first lesson we will introduce IFRS16, first discussing the effective date, before exploring its key principles and the transitional rules on first-time adoption.

This webinar will help understand the key principles of IR 35 from April 2020 and how to prepare.

This webinar will help understand the key principles of the governance code which is effective from the 1st January 2019.

This webinar will help understand the key principles that will change in tax over the forthcoming months within corporate business and personal tax.

This webinar will help understand the key principles of the IFRS 17 Insurance Contracts standard change looking at the background and consideration of the main areas of difficulty that in practice will arise in applying the model to insurance contracts.

This module is aimed at all staff and will help users understand the key principles of data protection legislation and what they need to do to comply with the law.

This module is aimed at all staff and will help users understand the Criminal Finances Act and what they need to do to comply with the law.

This module is aimed at all staff and will help users understand the Bribery Act and what they need to do to comply with the law.

This module is aimed at all staff and will help users understand the key principles of anti-money laundering legislation and what they need to do to comply with the law.