18 - 20 May 2020VAT Bootcamp
- 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.
In order to ensure the interactive nature of the workshop, the number of participants is limited to a maximum of 32.
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.
- 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