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: €145.00
Non-MIA Members: €285.00
Retired Members: €70.00
Students: €110.00

*Group bookings for 3 or more participants available.

BackgrounD information

This ‘VAT Refresher’ is 1 session that will go over the theory and fundamental concepts of VAT this includes starting from the basic concepts such as how to arrive at the appropriate VAT treatment, supplies of goods and services, exemptions and VAT rates. It will also cover VAT rights and duties such as the different VAT registrations under articles 10,11 and 12 and VAT grouping. This will cover the VAT theory.

If you would like to build further you VAT knowledge the above course can be followed by ‘VAT: Complexities in practice (Advanced)’ , this will tackle VAT in practice with practical examples and case studies. This is spread over 3 sessions which will deal with goods, services and other VAT issues. This will go into more detail with respect of complex VAT transactions. 

Topics on the agenda (Session 1) - VAT Refresher

• Determination of when VAT is to be charged and why:

1. the basic concepts based upon which the appropriate VAT treatment can be determined including:
- Groups of supplies
- How to arrive at the appropriate VAT treatment
- Taxable Person
- Supplies of Goods and Services
- Place of Supply
- Exemptions and VAT Rates
- Person Liable for the Payment of VAT (including the Reverse Charge Mechanism)
2. VAT rights and duties which need to be fulfilled including:
- VAT Registrations (Articles 10, 11, 12 and VAT Grouping)
- VAT Documentation (invoices, fiscal receipts, records)
- Right of Refund (who is to claim what including partial attribution)
- Taxable Value (How to arrive at the 100%)
- Tax Point (when to declare a transaction in the VAT Return)
- Penalties and Interest
It will also make reference to the fact that there a number of VAT Compliance obligations that need to be followed when submitted forms.

Topics on the agenda (3 Sessions)  - VAT Practical Workshop

These 3 VAT practical workshops will target the typical VAT practical issues encountered in the day-to-day work, examples will be taken from past experiences encountered. This will be then followed by the VAT treatment of complex transactions. The 3 sessions will be as follows:

1. VAT Practical Session – Goods (ICS/ICAs/Imports/Exports/Distance-Online Sales/Chain Transactions, Triangulation, Customs Duty Suspension Regime)
2. VAT Practical Session – Services (B2B/B2C, Location and Nature of Customer, Exceptions to General Rules, Exemptions, Tax in Danger)
3. VAT Practical Session – Other VAT issues (Right of Refund/Partial Attribution, VAT Registrations, Time of Supply, Taxable Value)

Why is the session of relevance to our members?

Basics: The session will go over all the fundamental concepts of VAT.

Practical examples: Members can learn how to deal with complex VAT transactions when it comes to VAT for goods, services and other VAT issues. Each session will be practical with walk through examples.

Target Audience

• Accountants and prospective accountants, tax lawyers, tax practitioners, as well as business owners and self-employed persons
• Accountants specialising in which area(s) would benefit from joining this session?
• Indirect taxation
• Financial Accounting

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

12 Hours Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

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