On Budget day 2021 the Chancellor, Rishi Sunak, announced eight new Freeports around England due to commence operating later this year.
Based around sea and airports from the Thames to Teesside, they were heralded by the Chancellor as a major contributor to the rebalancing of the economy and regeneration of underdeveloped areas. Other Freeports may arrive in Scotland, Wales and Northern Ireland soon, but what are they and how do they help local businesses and the surrounding economy?
Join Richard Jones and Frank Haskew of ICAEW's Tax Faculty as they investigate the valuable tax incentives and customs benefits available to businesses operating in Freeports, as well as the risks and pitfalls that businesses should watch out for.
Frank Haskew: Frank Haskew BSc (Eng) ACGI ACA ATII joined the Tax Faculty technical team in January 1998 and has been head of the Tax Faculty since 2002. Hes has executive responsibility for the Tax Faculty's various activities - including the provision of member services and also the technical output of the faculty.
Frank qualified as a chartered accountant with KPMG in 1987 and immediately specialised in tax consultancy. He continues to be deeply involved with technical issues, and with ICAEW tax policy, appearing regularly before Parliamentary committees in tax policy developments. In February 2014 he was appointed to the Tax Advisory Group which has been set up to give advice to the Welsh Government on tax policy.
Frank is a past editor and regular contributor to TAXline, the Tax Faculty's monthly magazine.
Richard Jones: Richard joined ICAEW’s Tax Faculty in November 2020. He coordinates the work of the faculty on business tax and compliance & investigations matters and manages the technical committees related to these areas. He also makes regular contributions to TAXline and newswire. Richard began his tax career at PwC, dealing with a range of clients from small owner-managed businesses through to the UK operations of large multi-national banks, as well as spending time on secondment to the firm's learning and development team. He has spent most of this career in the National Tax teams of top 10 firms, dealing with knowledge management, training, tax standards reviews and other risk management matters. He has a broad range of tax technical expertise but has most recently been focussed on the direct tax issues facing small companies, OMBs and their owners.
Access to this webinar is included within membership of the Tax Faculty, and to subscribers of Faculties Online. Tax Faculty membership gives you access to exclusive premium content including our regular magazine, webinars, TAXguides, tax advice via the TAXconnect scheme other online resources to support your career. For more information about faculty membership and our latest joining offers, please visit icaew.com/jointf. For more information about Faculties Online, please visit icaew.com/subscribefo.
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