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BABC NETWORK EVENT: The Future of UK Tax: Tax in a Post Covid-19 World
September 15 @ 9:00 am - 10:00 am
Hosted by: BAB London
Tuesday, September 15, 2020 / 2:00 – 3:00 pm BST / 9:00 – 10:00 am EST
COVID-19 has had a significant economic impact on the UK. The support given by the government under the job retention scheme and self-employed income support scheme in particular have cost billions. 2020/21 is set to have the largest single-year deficit since the Second World War and debt has already breached 100% of GDP. Future tax changes to help “balance the books” are therefore likely to be both significant and inevitable.
During this roundtable we intend to discuss the potential tax changes that we could see in future years. This includes a discussion on how the Government currently collects tax and the impact this has on our economy; how we compare to other developed nations; and what difference an increase in taxes could make to the current deficit.
We will then go on to talk about potential tax changes and removal of reliefs, as well as potential new taxes – could we see a wealth tax or a new climate change tax?
Emily Down, Associate Director, Deloitte
Emily is an Associate Director specialising in UK Corporate Tax. Her main area of focus is international taxation, specifically working with US headed groups investing into the UK. Emily has also been leading Deloitte’s interactions with HMRC during the COVID-19 pandemic, helping gain clarity on the new measures introduced by HMRC during this time, and providing a link between companies and HMRC in respect of the new ways of working that COVID-19 has caused.
Daniel Lyons, Partner, Deloitte
Daniel is Tax Policy Partner at Deloitte UK. He liaises with HMRC, HMT, professional bodies and other key stakeholders on all matters relating to tax policy. Daniel is also responsible for coordinating tax policy across the EMEA region. Daniel is also the Firm’s Compliance Officer Legal Practice (COLP).
Prior to taking on the tax policy role Daniel was an indirect tax partner advising a wide range of clients (mainly on VAT). Before Deloitte, he worked as a solicitor for HM Customs & Excise (as it was then) where he advised Government on all aspects of indirect taxation. Daniel is also a frequent media commentator on tax matters.
Daniel is a Solicitor and a Chartered Tax Advisor. He is a member of the Chartered Institute of Tax’s Council and Indirect Taxes Technical Sub-Committee and Chair of the Examinations Committee. Daniel is also a Freeman of the City of London and Liveryman of the Worshipful Company of Tax Advisers.
Ian Stewart, Partner and Chief Economist, Deloitte
Ian Stewart is a Partner and Chief Economist at Deloitte where he advises Boards and companies on macroeconomics. Ian devised the Deloitte Survey of Chief Financial Officers and writes a popular weekly economics blog, the Monday Briefing. His previous roles include Chief Economist for Europe at Merrill Lynch, Head of Economics in the Conservative Research Department and Special Adviser to the Secretary of State for Work and Pensions. Ian was educated at the London School of Economics.