Registration Time: 13.15
Sessions Time: 13.30 - 16.45 including a 15-minute break
Speaker: Mr Saviour Bezzina
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
*Group bookings for 3 or more participants available.

SYNOPSIS

The scope of the session is to go through the main VAT Risks which a taxable person may be exposed to by not fulfilling the numerous VAT commitments/obligations, what would happen if such obligations are not fulfilled, and ways how to ensure that such risks are prevented or at least mitigated and reduced as much as possible. The session will first analyse in detail the main VAT risks which might lead to negative consequences if the applicable VAT provisions are not fulfilled. It will then proceed with identifying and determining which consequences (penalties/interest/assessments) will be applicable when the applicable VAT provisions are not adhered to properly and why (including references to the various parts of the legislation which list down when such consequences are triggered and the applicable conditions). Finally the session will conclude with discussing practical tips and actions which may be taken by involved parties with a view to ensure that such VAT risks are minimised as much as possible.

Background Information

The Maltese VAT Act provides for various punitive measures (penalties, interest, assessments etc.) to be imposed/issued in the eventuality that taxable persons fail to adhere with the various provisions of the Maltese VAT Act. Whilst certain VAT risks some practitioners are quite aware of, it often happens that one is not fully aware of other material VAT risks especially in new/one-off scenarios when one comes across new types of transactions, new client types, new set-ups, new companies, incorrect/late VAT returns, incorrect/late invoices, VAT inspections and similar situations.

Objectives of the session

The scope of the session is to first analyse in detail the main VAT risks which might lead to negative consequences if the applicable VAT provisions are not fulfilled. The session will then proceed with identifying and determining which consequences (penalties/interest/assessments) will be applicable when the applicable VAT provisions are not adhered to properly and why (including references to the various parts of the legislation which list down when such consequences are triggered and the applicable conditions). Finally the session will discuss practical tips and actions which may be taken by involved parties with a view to ensure that such VAT risks are minimised as much as possible.

TOPICS ON THE AGENDA

• VAT Risks (including risks pertaining to VAT Treatment, VAT Registrations, VAT Claimability, VAT Forms etc.)

• VAT Consequences (Penalties, Interest, Assessments)

• Practical Tips and Actions to minimise such VAT risks

Target Audience

Professionals, Practitioners and other accounting staff members dealing with all VAT related issues including the determination of the vat treatment, handling of VAT invoices and other documentation, compilation and filing of vat returns and VAT payments

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 

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

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