Local Authority Housing Companies Tax Risks and Opportunities

Local Authority Housing Companies Tax Risks and Opportunities

21st November 2017
South Norfolk Council
Long Stratton, Norwich  

28th November 2017
London RAF Club

PSTAX and Wilkins Kennedy are pleased to invite you to a seminar on the taxation implications of local authority housing companies and other alternative delivery models (“ADMs”).

As local authorities move from delivery to commissioning, many delivery paradigms involve corporate structures such as wholly-owned local authority trading companies (“LATCs”) and other ADMs.

The taxation considerations of LATCS and other ADMs are new to local authorities and can create significant drag on operational aspirations.  It is essential that senior officers are signposted the risks and planning options when considering these new structures.

This seminar will give delegates a high-level understanding of where the risks lie and what pre-emptive actions they can take to avoid them, and how they can take advantage of built-in legislative planning opportunities.

09.00 – 09.30  Registration (with refreshments)

09.30 – 09.35  Introduction

09.35– 10.15   Why worry about tax?

Here we will demonstrate why you need to think about tax, by showing:

  • why tax considerations are different for LATCs and other ADMs;
  • how the different taxes could undermine the financial viability of the new structures; and
  • why you should do something about it.

10.15 – 11.00  Key Corporation Tax (“CT”) considerations

Officers involved in new trading companies will need to deal with CT. We will discuss:

  • how CT applies;
  • mutual trading;
  • connected party financing (transfer pricing);
  • arrangements (such as groups of companies) to plan tax liabilities; and
  • charitable status and gift aid.

11.00 – 11.15   Refreshments

11.15 – 13.00  Key VAT and SDLT considerations

We will explore the different VAT and SDLT issues officers will need to deal with:

  • differences in VAT rules;
  • what types of transactions are affected;
  • planning opportunities; and
  • SDLT:
    • exemptions and reliefs
    • transfer of assets.

13.00– 14.00   Lunch

14.00 – 15.00 One to Ones

PSTAX and Wilkins Kennedy specialists will be available for high level discussions on delegate-specific issues (these will be informal sessions and the comments will not constitute advice).

The cost is £200 plus VAT per delegate to include lunch and refreshments.

To book your place, please email emily.collier@pstax.co.uk