The 2021 Tax Leaders' Conference will be hosted virtually from 10 to 25 March. We’ve designed an interactive programme, with sessions taking place approximately every other day to help balance diaries and screen time. More details can be found in the conference agenda below.
This year’s conference will focus on embracing change and transforming for the future, as we aim to help tax leaders grow in the face of challenges and become ever more resilient in the process.
We’ve welcomed a variety of thought-provoking guest speakers in the past and this time is no different. Andrew Neil will join us to discuss the latest geopolitical news and Pippa Malmgren will share a future-forward view of key global trends and the prowess of new technologies. You will also hear from leading industry experts and Deloitte specialists on Tax issues impacting your organisation.
Intellectual Property – Recent UK and International tax developments
We have recently seen a number of tax developments in the world of intangibles that are relevant to a variety of businesses.
Join us for a session to explore recent changes to the UK’s intangible fixed asset regime, interactions with accounting developments, extraterritorial taxation, and lessons learned from the first offshore receipts in respect of intangible property (“ORIP”) compliance cycle.
Speakers: Rob Keogh, Geoff Brand
What is the practical impact for businesses after the EU anti-tax avoidance directives (ATAD 1 & 2)?
ATAD 1 & 2 became effective as of 2019 and 2020 respectively. These directives introduced in the EU amongst others hybrid mismatch rules, interest restrictions (EBITDA rule), General Anti Abuse Rule and CFC-rules. In this break-out we will focus on the problems that arose upon implementing these new rules such as the differences between countries and what this means for businesses. We keep it practical by discussing various cases. This will include situations affected by the decision of the European Court of Justice of February 2019 the so-called “Danish cases”. These cases also influenced the perspective in the EU of what holding, interest and licensing situations may be considered abusive.
Speakers: Kate Ramm, Aart Nolten, Lisa Shipley
The role of AI in Corporation Tax compliance
The field of Artificial Intelligence, and Machine Learning in particular, has evolved rapidly in recent years and is now being applied in many new and innovative ways. In this session we will show you how we have re-designed Corporation Tax compliance by embedding Machine Learning in our processes. This is transforming the compliance experience by reducing manual effort, accelerating the compliance process and creating opportunities to add more value.
Speakers: Adam Owen, Howard Cooke, Chris Rogers
The changing tax incentives landscape in the UK and globally
Join leaders from our Global Investment and Innovation incentives team for an update on the extent to which incentives are featuring prominently in generating cash and providing funding for future developments, as well as their predictions for the future direction of tax incentives.
Technology is revolutionising how incentives claims are being made; the way you claim incentives today will not be how you claim them tomorrow. We will share insights into how technology enabled claims are expanding the reach and quantum of claims, as well as enhancing the governance, speed and ease of preparation.
Following our departure from the EU, the UK Government has recently launched a consultation into a new subsidy regime, seeking views by 31 March 2021. We will discuss the emerging themes from the consultation, as well as the broader incentives landscape, including the emergence of holistic and global approaches, the importance of having an incentives and IP strategy and the evolving attitudes of tax authorities.
*Update* Following the 2021 Budget this session will cover the incentives related announcements including the introduction of the new 130% super-deduction on plant and machinery and the R&D consultation.
Speakers: Steve Perry, Hazel Gray, Sara Lord, Alistair Davies
M&A - Current trends, hot topics, opportunities and traps for the unwary
We will take you through some key tax considerations on M&A transactions in a changing tax and global environment, focusing on current insights regarding areas such as tax in deal pricing, common risk areas and opportunities, strategies for risk mitigation and structuring deals in a post-BEPS, post-Brexit, COVID 19 world.
Speakers: Faye Coates, James Clare
EU MDR exit - Does the UK’s u-turn make managing compliance with EU DAC6 rules easier or harder?
Just as DAC6 goes live across the EU, the UK has repealed most of the hallmarks. Should the approach to DAC6 compliance adapt following this change?
In this session we will discuss how taxpayers are re-evaluating their approach to compliance in light of the changes and share experiences of what we are seeing across the EU as intermediaries and taxpayers navigate this complex landscape.
We will share case studies of how groups are approaching their DAC6 compliance, including emerging expectations of intermediaries and group companies to play their part in the compliance process.
Speakers: Owen Gibbs, Charlie Mason
Brexit – the new UK-EU trading relationship
The UK and the EU have agreed a Trade and Cooperation Agreement (TCA), which provides for duty free access for goods that meet the rules of origin, and cooperation in certain areas of tax. The UK has also negotiated continuity agreements with a number of countries. We will explore the changes that businesses are facing as a result of the new trading relationships and the impact on supply chains and operating models. We will discuss the key tax implications – including new border measures, rules of origin, VAT changes, taxation of profits, and social security – and the actions Tax teams can take.
Speakers: Zoe Hawes, Raoul Ruparel, Amanda Tickel
Transfer pricing and accelerated business change as a result of COVID-19 – Digitalisation, supply chain transformation and remote workers
COVID-19 has significantly accelerated the digital transformation of, and changed the supply chains and ways of working for, many multinational groups. There may have been changes in how and where value is created for the business, moving from physical functions to software or data. Remote working may have resulted in activities being undertaken in different locations to the expectations of the business model. We will explore in this session how to manage your transfer pricing model and policies as a result of these changes, for example how to align new digital assets to your transfer pricing model and how to track and analyse the impact of remote working from a permanent establishment and transfer pricing perspective.
Speakers: Clive Tietjen, Dave Langford, Kate Rees
US tax developments and opportunities – Practical insights for US-parented groups following the 2020 Elections, 2017 US Tax Reform and what may happen next
For the last three years US multinationals have been operating in a new tax landscape, following the fundamental changes to the US tax regime since 2017. This session will provide a brief recap of the key measures introduced by US Tax Reform, including BEAT and GILTI, with a focus on the opportunities that may be relevant for many US-parented groups. We will also be discussing the outcome of the 2020 US elections, the Democrats’ tax policies and what this may mean in the future. As part of the session we will share practical examples of the steps that could be taken to review and assess exposure to BEAT, along with insights into potential foreign tax credit management, and what companies may wish to consider given potential future legislative changes.
Speakers: Mark Saunderson, Miles Humphrey
Tax automation - Moving from buzzwords to business as usual
Technology and automation are now increasingly prevalent in many tax departments, shifting the landscape of the traditional tax team. Sophisticated technology is helping many organisations to meet compliance obligations and improve the accuracy of tax filings, enabling tax professionals to add value in other areas of the business.
In this session, we will demystify technology buzzwords and talk about how emerging technology is transforming the practice of tax; and show how market leading organisations are using a tax technology vision to transform their approach to compliance and unlock the power of tax data to create meaningful business insights.
Speakers: Chi Yip, Paul Crook, Carl McGowan
The new world of Digital Services Tax
The UK Digital Services Tax was introduced with effect from 1 April 2020, applying a new 2% tax on the UK revenues derived from certain digital service activities. This follows the introduction of similar rules in France and Italy, and with an increasing number of countries across the EU and beyond at different stages of introducing equivalent legislation, these regimes have become a prominent part of the global tax landscape for digital multinationals.
This session will provide a refresh of the UK provisions, and our experiences now that the rules are in force. We will also explore the landscape for equivalent regimes that have been implemented or proposed across EMEA, drawing out:
Finally, we will take a detailed look at the practical challenges created by the new rules, discussing how businesses can manage the significant systems and data requirements and the need to coordinate an approach to the different DST regimes that are being introduced worldwide.
Speakers: Zubin Patel, Andrew Surrell
Getting it right – Implementing your transfer pricing policies
In an increasingly regulated market, how confident are you that your transfer pricing policies are actually implemented through robust processes and fit-for-purpose systems across your geographical footprint? We plan to share with you our experience on how best to address these challenges, taking into account the rapid developments in both the regulatory and technologies changes within this area. How can your organisation ensure they are using streamlined processes and system solutions that are fit for purpose?
Speakers: Kunal Shah, James Phillips
International funding for UK-headquartered groups
Achieving intra-group funding with a stable and sustainable tax treatment can be a challenge, with numerous recent tax law developments having an impact and more on the horizon. We will summarise some of the key external factors and discuss the most recent material from the OECD on transfer pricing for financial transactions. We will also some examples to explore some of the practical tax complexities that can arise when groups make changes to their funding arrangements.
Speakers: Ed Wright, Ishan Maini
Navigating the digital world – Leveraging finance and ERP transformation opportunities
Tax compliance and reporting is becoming more immediate, digitalised, and more data intensive. In order to respond to this, tax needs more accurate transaction data captured or calculated correctly, first time. This is where the gap can currently occur for the Tax function, as the current status quo for quality of data, business processes and systems set-up for Tax does not always support the new digital world. There is however, opportunity on the horizon and that comes from the wider transformation opportunities that the digital world is causing many organisations to respond to. We will explore how you can best leverage the current business transformation, finance transformation and ERP upgrades to your advantage... creating a digital ready Tax function.
Speakers: Gen Watson, Stephen Locke, Rachel Taylor
Communicating with clarity - Rising to the Tax transparency challenge
Prompted by a greater Environmental, Social, and Corporate Governance focus from capital markets and society’s wider interest in corporate taxation, businesses are increasingly expected to go beyond legal requirements and volunteer more information about their approach to the management of tax and its outcomes. Communicating about a complex and sometimes emotive subject such as tax is important but it can be difficult. We will look at the latest developments, including the launch of GRI 207, and the strategic and operational steps we see businesses taking in order to communicate clearly and with confidence.
Speakers: Mark Kennedy, Chris Thomas
Update on the G20 OECD pillar one and two project
The G20/OECD Inclusive Framework’s proposals on the allocation of taxing rights between countries (‘Pillar One’) and to strengthen countries’ ability to tax profits where income is locally subject to low effective tax rates (‘Pillar Two’) will, if agreed, have a broad and significant impact. All businesses, not just those that are highly digitalised, will need to understand how the proposals could affect them.
We will discuss the latest developments in respect of both pillars including:
Speakers: Alison Lobb, Lisa Shipley
Real time reporting
Real time and electronic submission mandates are gaining momentum globally across different types of tax and financial reporting. We will share the latest perspectives on these mandates and consider the impacts on different taxes and on Tax and Finance functions as they respond to a fundamental shift in the way data is shared with regulators and tax authorities.
Speakers: Frankie Jell, Demian de Souza, Pete Berry
Managing tax risk globally in a digital world
Businesses are looking to strengthen governance and controls over tax related risks around the world. In part this is to meet tax requirements or tax authority expectations but more fundamentally it is driven by an organisational desire for certainty in an era of rapid tax change. Tax leaders should take the lead role in helping their organisations to develop effective global frameworks and processes to identify and manage key tax risks and also to monitor the operation of related controls. We will look at how you can do this in a smart way, developing a scalable control framework which works across taxes and locations and is supported by the best technology.
Speakers: James Paul, Ben Pitts
Chairman of The Spectator. Former Editor of The Sunday Times and BBC political presenter
Co-Founder of H Robotics. Member of the UK Department of International Trade and the Global Strategic Trends group of the Ministry of Defence.
Partner, Business Tax