06 - 07 Dec 2018Advanced VAT Optimization
- Advanced VAT Optimization
Overview and learning objectivesFor those less familiar with the VAT system, VAT is generally considered a tax that is no true cost to businesses and has no impact on them. Most businesses and VAT professionals, however, experience it differently. When the VAT position of a business is not carefully analysed and optimized, the administrative and financial burden of VAT can be significant. VAT may seriously impact the cash flow and even form a true cost. In addition, preparing and filing VAT returns and paying VAT may be among the most burdensome matters for any business.
To ensure compliance and an optimal setup in a highly complex, rapidly changing, cross-border VAT environment, VAT experts must be up to date on the latest developments. This two-day, advanced-level course on VAT planning offers participants the opportunity to gain a high-level understanding of how to achieve potential savings in the field of VAT. It covers topical issues such as prevention of registration for VAT purposes, VAT grouping, selected issues for holding companies, cash flow planning, as well as the myriad of problems related to VAT compliance (e.g. invoicing, acquiring information about customers and applying the relevant legislation). Apart from an update on the VAT aspects of different OECD initiatives, such as BEPS, and the most recent ECJ case law on VAT compliance, the course will provide participants with insights on the Union Customs Code, effective as of 1 May 2016.
Participants should, at the end of the course, be able to identify, understand and apply different methods to achieve administrative, time and monetary savings in the field of VAT and customs.
To achieve this goal, the course will set out the most relevant issues in managing the VAT position of businesses including prevention of registration for VAT purposes, VAT grouping and selected issues for holding companies. The course will provide participants with insights on the Union Customs Code VAT compliance, cash flow management and new developments following case law, the BEPS initiative and enactment of the Union Customs Code.Field of studyTaxesWho should attend?The course is suitable for practitioners in tax advisory firms, tax specialists in commerce and industry, and government officials.
Course level and prerequisitesThis is an advanced-level course. Participants taking this course will be expected to have a good understanding of a VAT system. The course is designed for tax professionals who want to learn more about very complex issues and arrangements that are of particular interest to businesses operating in an international, cross-border context.Pre-course preparationIn order to participate in this particular course, no advance preparation is necessary. Participants will have access to relevant online collections on the IBFD Tax Research Platform for a period of two weeks.Interactive course - "Group Live"To safeguard the interactive nature of the course, including group discussions and case studies, a maximum of 32 participants will be accepted. Early registration is therefore recommended.We invite you to send us in advance any technical, content-related questions you may have. During the course we will try to address your specific questions, but please note that this will depend on the amount of time available, the relevance of the questions and the order in which the questions are received.
Should you have a question, please send it to firstname.lastname@example.org.
Disclaimer: The information provided during the course has been prepared solely for the instruction of course participants. This information is not intended to constitute advice on any particular matter.Continuing Professional EducationRecommended NASBA CPE points for this course: 13 (in accordance with the standards of the National Registry of CPE points, CPE credits are granted based on a 50-minute hour). Read more information on CPE points and accreditation for IBFD International Tax Courses.Course fee and registration details
The course fee covers participation in the course, all course materials, lunch, coffee/tea and refreshments. The costs of accommodation and transport are not covered. If you have any other questions regarding attendance of the course, travel arrangements, payments and cancellations, please consult our FAQ.
- Preventing cross-border VAT registrations
- Compliance and cash flow planning
- ECJ case law update on planning
- Case study
- Holding companies
- VAT grouping
- Union Customs Code
- BEPS initiative – fixed establishment vs permanent establishment
Instructors to be announced soon.