Two senior members of PwC’s Tax Dispute Resolution Team, Jon Preshaw and Ben Roseff, are to visit the Island on 6 November to address the Institute of Chartered Secretaries and Administrators Isle of Man branch and guests at an event, sponsored by PwC, at the Claremont Hotel in Douglas.
Their topic will be ‘a practical guide to the implications of the Isle of Man/UK disclosure regime for fiduciaries’. Ben Roseff from PwC: “Fiduciaries with UK resident clients will be acutely aware that the end of the 2013 calendar year is fast approaching. By the end of the year Isle of Man Financial Institutions will be required to write to their clients to provide them with details of the disclosure facility. If they have not already done so, they will be considering what they need to say, and who they should be communicating with.
“PwC’s team has extensive experience of the operation of disclosure facilities across the globe and has worked with a range of clients and financial institutions in a wide variety of jurisdictions to assist them in addressing the consequences of the increasing drive towards tax transparency, and to support clients to regularise their tax affairs through a variety of disclosure processes. Drawing on this extensive experience, PwC’s team will be providing advice and guidance on a range of practical issues for Isle of Man fiduciaries including;
- How should fiduciaries respond to clients’ enquiries about the disclosure facility?
- What are the common tax issues which fiduciaries’ clients are likely to face?
- What are the options open to clients and how are these best communicated?
- What do HMRC intend to do and what impact might this have?
- What happens if a disclosure is required?”
Jon Preshaw heads up PwC’s Tax Dispute Resolution team in the North West. Jon has been with PwC for eight years, assisting a wide range of clients to manage tax risks and resolve disputes with HMRC. Prior to joining PwC, Jon spent 8 years with HM Revenue and Customs, laterally leading a team responsible for the investigation of significant tax avoidance and evasion cases in HMRC’s Specialist Investigations team.
Ben Roseff is a senior manager in PwC’s Tax Dispute Resolution practice. He has a detailed knowledge of HMRC’s powers, processes and procedures which was developed initially at HMRC where he was an inspector of taxes, and latterly in practice. Ben uses this knowledge and experience to advise clients on all aspects of their relationship with HMRC, with a particular focus on resolving long running disputes with the tax authorities and disclosures of unpaid liabilities to HMRC.
Gillian Prestwich, ICSA IOM Chairman, comments that: “We look forward to welcoming Jon and Ben to the Island for this timely update on the disclosure regime and are grateful for the sponsorship of PwC to make this event possible.”
The event starts at 6pm for 6.15pm. Admission is free to members. Places for non-members (subject to availability) are £15 each.
For booking online please visit www.icsaiom.org . For further information about events or if you would like to be included on our emailing list then please contact firstname.lastname@example.org