Dear Member

 

Following the success of our last workshop  on 12th April on ‘International Tax Disputes’, we are looking forward to next week’s workshop on ‘The Business of Sport and Entertainment’ to be held on the morning of 22nd June at Saffery Champness office.  The programme is on our website, and I am sure that any professional advisor involved with sports personalities or entertainers will find this workshop invaluable.  Among the presenters will be Patrick Way QC plus professional advisers and commercial experts conversant with the various issues encountered when planning the career and engagements of these individuals. I have written an extensive article summarising the issues involved which need to be addressed and this can be found on the website as can be seen below in the Articles section of this newsletter.  And please don’t forget that we welcome articles from all members which we will feature on our website and send out in our monthly newsletters.

 

Our discussion groups are always entertaining and informative, and last month’s meeting at Close Brothers was on the Business of an International Family Office.  Dmitry Zapol has written a summary article based on this event which is featured in this month’s newsletter below. The next meeting of the UK branch of the IBSA will be after the summer on September 20th on the topic of ‘Investment in UK property and Business Investment Relief’. There is also a meeting planned for the North American branch in New York a week later on 28th September – more about this and other branch meetings in the next newsletter.

 

Finally, a note for your diaries please.  Our annual members’ dinner will be held this year on Thursday evening November 17th in the Hall of Fame private dining room at Langan's Brasserie in London, the night before our annual conference on 18th November entitled ‘Guiding the Development of an SME Client’.  The programme for this conference is now on our website under Events and registrations are open for the conference and the annual members’ dinner as directed.

 

We are now just 8 days away from the EU Referendum and I hope the decision reflects your own preference! I also hope that you enjoy a great summer of fine weather, food and wine and look forward to seeing you all again in the Autumn. 

 

Kind regards,

 

  

Roy

Workshop

The Business of Sport & Entertainment

Saffery Champness, 22nd June, 09:00

Sportsmen and Entertainers are highly paid individuals whose careers sadly often last only for a few years.  In that time, they need to maximise their earning capacity through contractual arrangements involving their performance, image rights, merchandising and endorsement appeal amongst others.  At the same time they need to contribute towards pension and other financial arrangements to provide funds for an early retirement. Tax authorities around the world have targeted both sportsmen and entertainers within the same bracket by limiting deductible payments for retirement, whilst ensuring that even minimal time spent in a particular jurisdiction attracts the maximum amount of tax.

This workshop considers the business of sport and entertainment by analysing the issues through a case study approach of a typical footballer and a highly successful female singer.  We will review the various types of contracts that the individual may be invited to enter into, the legal complications surrounding some of the typical provisions within such contracts, and the ability to register image rights and other intellectual property rights to maximise earnings.  A commercial agent from an image rights company will discuss his experiences whilst our experienced barrister in this field will reveal the issues he has resolved with HMRC in connection with the taxation of entertainers and sportsmen. 

Conference

Guiding The Development of SME Clients

Annual Members' Dinner

Members' Dinner @ Langan's Brasserie, London

For our Members

20% off IMF Courses

TOPICAL DISTANCE LEARNING COURSE ON TRANSFER PRICING

   

This unique Transfer Pricing distance learning course focuses on major Transfer Pricing issues and concerns that all professionals involved in the complex area of Transfer Pricing face, such as: BEPS, business restructuring and valuation, Transfer Pricing legislation and guidelines, documentation requirements per region/country, Transfer Pricing project and risk management, Transfer Pricing (pre-)controversy management, design and development of Transfer Pricing policies, types of intercompany transactions, intellectual property and customs.

   

This course starts each month and can also be studied online through digital learning (no additional costs).

    

   

Your offer

IBSA membership entitles you to a 20% discount on this course.

Full price: EUR 2,480

IBSA Member price: EUR 1,984

For more information please visit the IMF Academy site, or contact info@imfacademy.com, +31 (0) 40 2460220

DISTANCE LEARNING COURSE ON TRANSFER PRICING AND INTELLECTUAL PROPERTY

With the shift towards a more knowledge-based and service-oriented economy, intangible assets such as trademarks, brands, patents, know-how and technology, account for an increasing part of the business value. The accurate and complete taxation and valuation of Intellectual Property (IP) and other intangible assets is therefore essential.

This unique course on Transfer Pricing and Intellectual Property discusses intangibles from the complementary perspectives of Transfer Pricing and valuation.

This course, which can also be studied online, starts each month.

Your offer

IBSA membership entitles you to a 20% discount on this course.

Full price: EUR 1,584

IBSA Member price: EUR 1,984

For more information please visit the IMF Academy site, or contact info@imfacademy.com, +31 (0) 40 2460220