Annual Conference 2023 Programme – Forging a Sustainable Future

 Irish Tax Institute

SMEs in Ireland tend to be synonymous with family business and succession is often to the next generation. However, alternatives need to be considered for scenarios involving serial entrepreneurs, if the next generation have other interests, or an offer for partnership or acquisition is received. This session looks at how to structure the business in the year(s) in advance of the various options for exit when the business is not being passed to the next generation, including:

• Management Buy Out
• Mergers
• Private Equity
• Sale to 3rd Party

This session will highlight the key tax technical considerations to be mindful of across the relevant tax heads.

 PwC Private

For most M&A transactions share valuations are an integral element that feed into the form the transaction will take, the price negotiations and, of course, tax implications for the parties involved. This session will take you through key valuation factors including:

• When considering a valuation for tax purposes – what valuation principles are relevant and how are valuations documented?
• In the run up to a transaction – the impact of historic transactions and what actions may be needed in advance
• When and where will a valuation of shares be needed, to include:
  • Pre-transaction re-organisations
  • Considerations for existing & rolling shareholders
  • Employee/Management incentive plans
  • How underlying assets influence share valuations e.g., undertakings or real property

 PwC Private

With thanks to NFP

Whether your client or employer is proceeding with a sale, merger or MBO, the agreed transaction will be reflected and executed by legal documentation. The details will be the outcome of processes including due diligence and negotiation. This session will look at the tax and legal elements of the transaction itself and the practicalities of how it will run including:

• Asset sale versus share sale considerations
• The phases – lifecycle of M&A transactions, including due diligence
• The documents – Head of terms; SPAs; tax deeds; warranties and indemnities; disclosure letters – and how they all interact

 KPMG

&

 Jacob Gray, 

 KPMG Law

Transactions include many moving parts and timelines just to get the deal over the line. However, your job as a CTA most likely will not end with the completion. The next stage involves supporting the implementation of what has been agreed in the transaction documents and managing post-completion considerations, including:

The Vendor’s Perspective – post-completion

• Compliance obligations across the relevant tax heads
• Practical considerations such as completion accounts, banking, employees and CRO obligations

The Purchaser’s Perspective – post-completion

• The first 100 days post-acquisition
• Employment contracts and earn outs
• Implementing the new structure

 EY

Visit our exhibitors including LEO Galway

Wellness Session

(Burren Suite, 4th Floor)

 Rachel & Hannah Healy,

 Yoga Mara

VAT is a constant consideration for clients of all sizes across all industries. Whether your role as a CTA involves compliance and support for day-to-day operations or assistance and advice with one-off projects, VAT will be a feature. This session will take you through topical VAT matters and recent developments including:

• VAT considerations in M&A
• Finance Act 2022 changes
• Recent case law
• Revenue eBriefs and developments
• VAT on property
• VAT and trade developments

 TTax – Tierney Tax  Consultancy

We have seen unprecedented rates and scale of change leading to a transformation of working patterns in recent years. The new remote and hybrid working arrangements that have resulted offer many benefits and opportunities but are not without challenges and employment tax considerations. This session will take you through these and other factors associated with change, including:

• M&A activity – are you prepared for a transaction?
• Remote working in Ireland and “working from home” abroad – key issues to look out for and what to do when they arise
• Attracting and retaining key personnel – what options are available?
• Looking to the future – what policies and procedures could be implemented or reviewed regularly to manage challenges?

This session will include practical insights and consideration of implications for employers, employees, and relevant reporting obligations.

 Deloitte

While property and land may be enduring, how they are used will evolve over time depending on the owner’s circumstances, the economic climate and the rapid pace of climate change. This session will highlight some practical tax issues to consider as the use of land evolves, including:

•  Taxation of land ownership and yields for
  • Forestry
  • Grazing
  • Renewables
• An eRCT refresher
• Impact of land usage on certain tax reliefs
• Sustainability incentives

 Grant Thornton

Preparation is key for what may be ahead for our clients. One of the main areas where this is most pertinent is life stage planning and providing for the next generation or other family members. An understanding of the tools available and when they are appropriate in varying family circumstances is vital. This session will take you through how and when trusts fit in to this picture, including:

• Types of trusts available
• Why have a trust?
• Tax implications of trusts
• Anti-avoidance and administrative considerations relating to trusts
• Topical matters relating to trusts

Annual Conference Gala Dinner

After Dinner Speaker: Ray Goggins, Special Forces Operator and bestselling author

Pensions legislation is evolving at an unprecedented pace. This session will look at where pensions were, where they are now and where we are heading. Topics include:

• Drivers behind certain changes
• Recent regulatory changes in Ireland and Europe
• Changes from Finance Act 2022
• Auto-enrolment

 AIB Private Banking

Like many facets of tax administration, compliance interventions have and will continue to change over time. A recent milestone in this progression was the introduction in May 2022 of the New Code of Practice for Revenue Compliance Interventions. Nearly one year on, this session will consider what CTAs need to know about the changes introduced by the New Code and how the implementation has been experienced. This will include:

• Overview of the key changes from the previous Code of Practice
• Trends emerging in practice following implementation and experience of the New Code
• Discussion of matters related to compliance interventions e.g. data and real-time reporting

 RDJ

This is an area where the fundamental framework and practical, real-life experiences are intertwined and both of significance. This session will take you through the process of taking a tax appeal including:

• The theory behind the process
• What happens in practice
• Insights for CTAs to be aware of

 EY Law Ireland

 &

 Frank Mitchell, SC