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M2086 - VAT Considerations in the Finance Industry (Online)

  • 18 Sep 2020
  • 09:15 - 12:30
  • Online Webinar

Registration


Register
Registration Time: 09:00
Sessions Time: 09:15 - 12:30 including a 15-minute break
Speaker: Mr Kenneth Cremona
Venue:  Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00

BACKGROUND INFORMATION


This session will give a detailed walkthrough of the various VAT considerations companies operating in the financial services sector should. The majority of such services are exempt from VAT, however there are other services which may be considered to be debatable, while naturally others which are chargeable for vat purposes. Hence, this session will discuss the definitions and scope of the exemption. In the absence of clear-cut legislative definitions, we will refer to CJEU case law and domestic practice and guidelines. The treatment of input VAT will also be evaluated, and moreover, the possible utilisation of partial attribution.

OBJECTIVES OF THE SESSION:

  • A refresher on the basic VAT concepts, as preparation for the delivery
  • Understanding financial services and what is which are chargeable/not chargeable for VAT purposes
  • Analysing the rights of input VAT deductions for companies operating in this industry 
  • Discussion on the applicability of partial attribution • Working out a practical example focusing on this industry 

TOPICS FOR THE SESSION:

  • Refresher on core principles of VAT 
  • Analysing the VAT activities within scope of the VAT exemption
  • Looking through the relevant case law within scope of this topic 
  • The right for input VAT deductions and partial attribution 
  • A practical example focusing on this industry

TARGET AUDIENCE

Accountants and tax practioners as well as business owners.

SPEAKER'S PROFILE


Kenneth Cremona graduated with a Master in Accountancy from the University of Malta in 2015. Kenneth joined RSM Malta in 2016, initially working on Income Tax Compliance dealing with clients established in multiple industries including Gaming, Immovable Property, Investments, Pharmaceuticals and Retail. During 2019, he specialised in VAT advisory and was promoted to a Supervisory role within the firm. Kenneth is also a CPA warrant holder and received the Professional Certificate in Taxation issued by the Malta Institute of Taxation in 2017.

EVENT CPE COMPETENCES

3 Hours Core

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

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