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M2055.1 - VAT Q&A Session – GOODS (Online)

  • 20 Nov 2020
  • 09:15 - 12:30
  • Online Webinar

Registration


Register
Registration Time: 09.00
Sessions Time: 09.15 - 12.30 including a 15-minute coffee break
Speaker: Mr Saviour Bezzina
Venue: Online Webinar
Depending on the COVID-19 situation, CPE might be held face to face.
Participation Fees
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00

Background Information

Transactions in goods give rise to a number of VAT issues primarily relating to the place of supply, applicable exemptions and or VAT Rates, person responsible to charge VAT (supplier or Reverse charge Mechanism?), and the manner of declaration in the various VAT forms. Moreover one may come across various types of transactions in goods including Domestic Sales, Domestic Purchases, Intra community supplies, Intra community Acquisitions, Exports, Imports, Distance Sales, Triangulation, Movement of own goods, Call -Off stock and others. All these transactions have different features which determine different VAT treatments applicable to the respective transactions. Hence it is of paramount importance to be aware of which factors effect the VAT treatment and in which manner with a view to ensure that the correct VAT treatment is applied in line with the provisions of the VAT legislation.

Objectives of this session

The scope of the session is to first give an overview of the technical aspects applicable to such transactions in goods and determine how to best arrive at the appropriate VAT treatment whilst avoiding common pitfalls. Then we will move on to the main types of transactions in goods that may exist including Domestic Sales, Domestic Purchases, Intra community supplies, Intra community Acquisitions, Exports, Imports, Distance Sales, Triangulation, Movement of own goods, Call -Off stock and others via practical examples which will incorporate the issues raised by participants beforehand. The objective is to explain the topic in a user friendly manner so that participants can subsequently apply the knowledge acquired in their day to day work to ensure the application of the proper VAT treatment.

Topics on the Agenda:

Basics Goods
Types of transactions: Domestic Sales/Purchases, ICSs/ICAs, Exports/Imports, Distance Sales, Triangulation, Movement of Own Goods, Call-Off Stock
Arriving at the correct VAT treatment, including:
  • determination of the place of supply,
  • applicability of any exemptions
  • liability to charge VAT (general rule vs Reverse Charge)
  • how/where to declare in the VAT Return/Recapitulative Statements/Intrastat Forms
  • Practical Examples
  • Recent/Upcoming Changes

Target audience

VAT, Accounting, Tax Practitioners and other accounting staff dealing with the vat treatment of international trade and cross border transactions and with VAT Returns preparation

Speaker's Profile

Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters.Saviour Bezzina is a Senior Manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact. He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance and lectures regularly on VAT and indirect tax matters. Saviour was awarded the 2007 MIA prize as the best student who graduated in the Bachelor of Accountancy (Hons) Degree Course Group 2004/2006.

EVENT CPE COMPETENCES

3 Hours Core 

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

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