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M23082 - Understanding the complexities of VAT in the Financial Services Industry (Online)

  • 25 Oct 2023
  • 13:30 - 15:30
  • Online Webinar

Registration


Register
Registration Time: 13:15
Sessions Time: 13:30 - 15:30  no break
Speaker: Mr Brandon Gatt 
Venue: Online Webinar
Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €28
Non-MIA Members: €50.00
Retired Members: €15.00
Students: €20.00

*Group bookings for 3 or more participants available.

BACKGROUND INFORMATION
Applying the existing VAT legislation to the Financial Services sector is inevitably leading to conflicting interpretations of the pertinent VAT provisions by the relevant stakeholders, predominantly by the taxpayers and the tax administration.
This predominantly stems from the gap between the applicable legislative instruments and the continuous development in the relevant sectors. As a result, this created disputes at national level, which led the national courts to refer cases to the European Court of Justice for an interpretation on the particular dispute. Although not always leading to consistent results, such interpretations generally shed light on the raison d’etre of the particular provisions in the VAT Directive which is very welcome by stakeholders.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

An overview of Financial Services VAT concepts: Outsourcing, Negotiation and Bundle Supplies
▪ Introduction to the exemptions applicable in the Financial Services industry
▪ CJEU case-law, specifically on the subject industry
▪ Input VAT recovery and Partial Attribution
▪ Practical Examples


TARGET AUDIENCE

The training course is particularly suitable for professionals, tax advisors and practitioners working in the Financial Services Industry or in VAT or who are pursuing or intend to pursue a career generally in taxation and specifically in the area of indirect taxation. This session may also be applicable to Financial Controllers and CFOs working in the Financial Services Sector.

WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

During this session, we shall go through the individual exemptions prescribed in Article 135 1(a) – (g) of the VAT Directive, with reference to the applicable European case-law and other relevant working papers of the European Committee. Of course, proposed changes and other recent developments will also be discussed.

    SpeakeR's Profile

    Brandon Gatt, a Certified Public Accountant in possession of an ACCA degree, has been in the profession for the past nine years. He has been involved in VAT and accounting assignments both within and outside of Malta. Brandon has been specialising in VAT since 2016 and is the VAT Leader at Zampa Debattista.
    In a relatively short period, Brandon has acquired the necessary experience vital to handling an ever-growing portfolio of diverse clients, operating within various sectors of the economy. Back in June 2017, he attended an intensive course in France, provided by VAT Forum; a partnership of International VAT experts, where he was provided with intensive training on the Articles of the EU VAT directive 2006/112/EC. He is now reading for the EU VAT Expert Degree.
    Brandon also provides in-house training to established companies within and outside Malta and is also a lecturer for the ‘Certificate in TAX Compliance’ being offered by the Malta Institute of Taxation. He
    is also a lecturer with ZD Academy and also lectures the ACCA Advanced Taxation (VAT). Brandon also forms part of Malta Institute of Accountants Indirect Tax Committee.

    EVENT CPE COMPETENCies


    2 Hours Core


    WEBINARS TERMS AND CONDITIONS


    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
                   

    Contact Us

    Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

    E-mail: info@miamalta.org

    Tel. +356 2258 1900

    © MALTA INSTITUTE OF ACCOUNTANTS, 2023