- VAT Bootcamp
Overview and Learning Objectives
The VAT system of the European Union has been undergoing a major change over the last few years, which transformation seriously challenges multinationals operating within the European Union or trading with EU firms and selling products/services to EU customers. Under the umbrella of the 2016 Action Plan on VAT [h1] (Towards a single EU VAT area – Time to decide and Time to act), the European Union tabled several new Council Directives aimed to remove obstacles to e-commerce, tackle the VAT gap, develop the definitive VAT regime and modernize VAT rates. The implications for businesses are many, far reaching and complex. This course will help participants to contemplate, interpret and prepare for the changes in an easy and practical manner. Topics to be discussed include both B2C and B2B aspects such as:
- The future of MOSS and OSS concerning e-commerce B2C transactions, distance sales, goods and services
- How to utilize the new quick fixes (call-of stock, chain transactions, VAT identification numbers and proof of transport)
- What does the definitive VAT system mean for EU and non-EU businesses?
- Quick update on VAT rates
- New possible generalized reverse charge mechanism
- Special scheme for small enterprises
The course will also dedicate some time to Brexit to assist participants in their preparation for when the United Kingdom leaves the European Union. Instructors will summarize the outcome of the by then closed negotiations between the UK and the EU with a special focus on the withdrawal agreement, and look at the VAT/customs consequences of all possible scenarios for EU, UK and third-country businesses (e.g. the UK stays part of the EU; the UK exits the EU without a deal and becomes a third country; the UK becomes part of the EU Customs Union).Overview and Learning ObjectivesThis advanced-level, interactive masterclass consists of four case studies. The masterclass is designed for participants who already have a good knowledge of the value added tax (VAT) system of the European Union but want to gain more in-depth comprehension of that system by analysing the VAT aspects of four important scenarios of particular complexity. Following a brief introduction to the individual topics, the participants are expected to prepare and discuss, in small groups, their solution to the four case studies. The solutions of the sub-groups will be discussed in a plenary session.
Field of Study
Who Should Attend?
The course on Current Issues on European VAT is suitable for VAT advisers, government officials, in-house tax counsel, managers and general tax practitioners, with at least three years’ experience in the field of VAT, who wish to acquire a deeper understanding of the impact of the recent changes (proposed and/or implemented) to the EU VAT system and Brexit.
The VAT Masterclass is an advanced-level workshop designed for people who have a good knowledge of and experience with the VAT system of the European Union.
Course Level and Prerequisites
The Current Issues on European VAT is an intermediate-level course. It is designed for tax practitioners who have a good understanding of the basic features of VAT in the European Union and who want to learn more about complex issues and arrangements that are of particular interest to businesses operating in an international, cross-border scenario.
The advanced-level VAT Masterclass is a workshop designed for people who have a good knowledge of and experience with the VAT system of the European Union.
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 email@example.com.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: 19 (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 detailsThe 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.
- Recent developments and current issues in the field of VAT
- E-commerce package
- Quick fixes
- Definitive VAT system and VAT rates
- Brexit consequences
- Case study: immovable property transactions
- Case study: manufacturing and selling activities of multinational enterprises
- Case study: financial services
- Case study: online supplies of digital goods and services