Taxation and Revenue Law
Today’s practitioners, whether operating domestically or internationally, are required to know how the law from other jurisdictions impacts on their client’s business affairs.
Whether the client is located in the US or UK or in Europe, a practitioner needs to understand the fundamental elements of these legal systems in order to protect and or defend their client’s business.
This weekend school has been specifically developed to assist practitioners to understand the basic requirements of the common law system in the US and UK.
The first part of the course will start with an introduction to common law system of law and look at how the common law system developed.
The second part of the course will involve the study of various areas of common law in the UK and contracted to the US system. We will study contracts law, torts law, the impact of equity, remedies available for breach.
The third part of the course will focus on the impact of the conflict of laws (private international law). How does this operate in the areas of tort, contract, property and so on and transactions which contain a foreign element.For example, conflict of laws issues will arise if proceedings are contemplated in London in respect of a contract involving a party in Italy seeking to recover damages for breach of a contract governed by the law of Italy.
The fourth part of the course will look at civil litigation procedure from studying the legal institutions, and the civil procedure rules including discovery, interrogatories, affidavits.
The final part of the course will involve a negotiation of a dispute where participants will have the chance to role play in the negotiation. At the conclusion of the negotiation, the participants will also be drafting terms of settlement for the matter.
The topics to be covered in this course are:-
1. Introduction to the common law system in the UK and US and terminology
2. Contracts law and terminology in the UK and US and the international sale of goods (Vienna Convention)
3. Torts law and terminology in the UK and US
4. Equity law in the UK and terminology
5. Remedies and damages in the US & UK for breach of contract and torts
6. Law of contract – forum of competent jurisdiction and the law of the contract
7. The Impact of private international law on commercial transactions; Applicable Law, Court of Competent Jurisdiction.
8. Commencing proceedings and civil litigation procedure including discovery, interrogatories, affidavits.
9. Dispute Resolution and the art of negotiation
10. Case study – participants will role play in the negotiation and draft terms of settlement for the matter.
For further details, fill in the attached contact form:-
The Taxation and Revenue Law course is an overview of the UK taxation system.
The objective of the course is to provide an overview of the structure of the tax legislation which will enable participants to determine the tax consequences that flow from factual situations.
We will be studying the legislation and decided cases with the consideration of hypothetical factual situations that would commonly be encountered in practice.
More specifically, participants will learn about the main features of the income tax system including the concept of total income, personal allowances and deductibility of different types of receipts and items of expenditure. We will consider the tax treatment of fringe benefits and capital gains.
The differing tax consequences in respect of various legal entities, such as partnerships, trusts and companies, are also studied.
The last part of the course deals with the collection and recovery of tax, and the procedures to be followed by a taxpayer in disputing a tax assessment.
At the end of this module, participants will understand the impact of taxation and should be able to:-
- Use the legal knowledge, skills, procedures and behaviours appropriate to the client;
- Recognize conduct issues and act within the Code of Conduct
- Identify the client’s reasonable expectations as to quality and timeliness of service
- INCOME TAX (Total Income, personal allowances, calculation of income tax liability, deductions, residence, anti-avoidance and rules relating to gifts and settlements);
- CAPITAL GAINS TAX (main principles of capital gains tax, including the charge on the disposal or deemed disposal of assets and the calculation of chargeable gains, main exemptions and reliefs from capital gains tax);
- INHERITANCE TAX (charge of tax on death, on immediately chargeable lifetime transfers, exempt transfers, on gifts with the reservation of benefit, payment of tax due, exemptions and reliefs, anti-avoidance provisions).
- CORPORATION TAX (principles of company tax, company income, deductions, dividends)
- TAXATION OF TRUSTS AND PARTNERSHIPS
- VAT (basic principles of VAT including: registration of taxable persons, taxable supplies, input and output tax, standard and zero rating, exemptions)
- TAX RETURNS, ASSESSMENT, OBJECTIONS AND APPEALS
- LEADING CASE LAW
For further details send an email to email@example.com. Dates for courses in 2017 are coming soon.