[ONLINE] VAT E-Commerce Package 2021 – 8 October 2020

The scope of the session will initially be to discuss the rationale for such changes (including making reference to the various directives, regulations and other legal documents from which such changes emerge). As part of the introduction of the session we shall also briefly revisit the 4 changes which came into effect in 2019 and then move on to focus in detail on the 2021 changes as listed below.

Reference will be made to which type of transactions will be impacted and how with the use of practical examples which will explain both the technical aspect of the changes (the basis on which the VAT treatment will change due to the amendments/additions to the wording of the various provisions in the legislation) and well as the practical changes (the manner in which such transactions will have to start being declared by the various involved parties, including new obligations which various parties will be exposed too, as well as opportunities which may lead to less onerous compliance obligations for others).

Questions from attendees will be encouraged to make the session more relevant for participants.

Instructed by: Saviour Bezzina. in:

Seminar Description

Seminar Description

Everyone acknowledges E-commerce’s importance in today’s business world and naturally the EU felt the need to simplify the VAT rules regulating such a sector making it simpler for the various parties transacting to comply properly with the respective VAT obligations, and at the same time shifting the VAT charge-ability to the country of destination/consumption whilst ensuring that all VAT due is collected in a timely and appropriate manner in its entirety. In the VAT sphere this is being termed as the e-commerce package and it will bring about major changes in  the VAT treatment of various transactions dealing with E-commerce. Hence it is of paramount importance for all those operating in this sector in one way or another, to be aware of what changes will be coming into effect, what impact these will have on the VAT treatment of the impacted transactions and what needs to be done to ensue proper VAT compliance and applicability. All of these will be covered throughout this session.

 

The Commission proposed EU legislation in this area in two stages. The first measures entered into force in 2015 and covered telecommunications, broadcasting and electronic services. The second package of measures was adopted by the Council in December 2017 and included new rules for distance sales of goods as well as for any type of service supplied to final customers in the EU. The latter measures, also referred to as ‘the VAT e-commerce package’ are set to apply from 1 January 2021 (potentially delayed to 1 July 2021 due to COVID 19). This session shall be looking at all these VAT changes in details and determine which VAT treatments will change and how.

 

The scope of the session will initially be to discuss the rationale for such changes (including making reference to the various directives, regulations and other legal documents from which such changes emerge). As part of the introduction of the session we shall also briefly revisit the 4 changes which came into effect in 2019 and then move on to focus in detail on the 2021 changes as listed below.

 

Reference will be made to which type of transactions will be impacted and how with the use of practical examples which will explain both the technical aspect of the changes (the basis on which the VAT treatment will change due to the amendments/additions to the wording of the various provisions in the legislation) and well as the practical changes (the manner in which such transactions will have to start being declared by the various involved parties, including new obligations which various parties will be exposed too, as well as opportunities which may lead to less onerous compliance obligations for others).

 

Questions from attendees will be encouraged to make the session more relevant for participants.

 

Qualifies for 3 CPE Core hours under the core competency area.

Seminar Fee

The seminar fee is €45.00 Members €50.00 Non-Members. The fee covers seminar participation and access to event resources.

A receipt will be issued to all participants.

Event Resources

Participants will receive the event resources by email.

Additional Information

For more information, kindly use the following communication mediums:

T: 21 58 53 74   M: 77 01 17 19   E: info@skillsmalta.com      Webpage: www.skillsmalta.com

Programme

Thursday,  8 October 2020

8.45    Registration

Topics on the agenda 09.00 -12.00

  • Introduction
  • 2019 Changes
  • 2021 Changes
    • B2C supplies of services (other than TBE services)
    • Intra EU Distance Sales of Goods
    • Domestic supplies of goods facilitated by electronic interfaces
    • Distance sales of goods imported from third countries

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