Topics Covered
Discover the overlooked VAT consequences of chain transactions that go beyond mere acquaintance with the VAT rules on intra-Community trade and which do not originate from the EU VAT provisions directly, as they are derived from the Court of Justice of the European Union (ECJ) case law and practice.
Become aware of the main challenges occurring when structuring chain transactions within the European Union:
- triggering multiple VAT liabilities
- no deduction of the acquisition VAT in Member State of identification
- non-deductible VAT on domestic purchases of goods that were erroneously qualified as such instead of as intra-Community zero-rated transactions
- mistakenly applying a zero rate on transactions that are domestic supplies
Learning objectives
After following this webinar, participants will be able to:
- identify which transactions of a chain of transactions can benefit from a zero rate
- interpret and define the scope of the requirements and manage compliance with the tax administration
- prevent issues from the wrong classification of transactions, arising from communicating VAT identification numbers under certain circumstances to vendors or other companies within the same group
- define a VAT framework for structuring chain transactions that is adapted to the specific needs of each company by following a checklist that will be provided at the end of the session
Instructors
- Francisco Javier Sánchez Gallardo
- Gorka Echevarria
- Fabiola Annacondia
Field of study
Taxes
Who should participate
The webinar is suitable for all tax professionals, including accountants, in-house tax personnel (e.g. directors or managers), lawyers, advisers, policymakers and government officials who deal with cross-border transactions, structures or cases and wish to understand the risks, challenges and controversies related to international trade and VAT.
Course level and prerequisites
This is an upper intermediate-level webinar. Participants in this webinar are expected to be familiar with the key concepts of EU VAT.
Advance preparation
Participation in this webinar does not require any preparation.
Interactive webinar – “Group Internet Based” (live webinar only)
During live webinars, it is possible to interact with the presenters via a chat message function. Please note that questions are answered based on relevance, order of receipt and available time. Additionally, participants in the live webinar are invited to answer poll questions or to complete short tests. Participants, who follow the live broadcast, will also have access to the on-demand version for a further 12 months from the live date.
On-demand webinar
On-demand webinars are intended for individual self-study only. Unlike live webinars, they are not open to interactive participation nor do they offer the assistance of a real-time instructor. Access to on-demand webinars is granted for a period of 12 months from the date of registration and/or live broadcast.
Continuing Professional Education
Many accrediting organizations will grant CPE credit(s) for an IBFD audio-visual broadcast. It is advisable, however, that you check with your accrediting body as to whether this applies only to live webinars or to on-demand webinars as well.
The International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. Participants that follow the live webinar can claim 1 CPE credit while those following the on-demand version cannot claim the credits.
Webinar registration details
If you have any questions about following the webinar, technical requirements, or payments and cancellations, please consult our FAQ.