VAT Refresher Course – June 2019

This course is intended to provide professionals, students and accounting staff with an extensive understanding of the most fundamental VAT concepts which are most commonly encountered in day to day work in order to arrive at the appropriate VAT treatment. The application of the correct VAT treatment is of paramount importance and failure to do so may result in various negative business, reputational and financial implications.

This course is ideal both to newcomers in the VAT sphere (which have an opportunity that in just 4 sessions they can get a very good theoretical and practical understanding of the main VAT concepts from A to Z) and also to more experienced staff who have been working in the VAT sphere for a number of months/years (who may need to brush up their technical knowledge in an intensive manner or fill in certain gaps and clarify certain issues that there might be relating to certain transactions).

Communication will be encouraged throughout the whole course and practical examples will be discussed in a user friendly manner.

Instructed by: Saviour Bezzina. in:

Seminar Description

This course is intended to provide professionals, students and accounting staff with an extensive understanding of the most fundamental VAT concepts which are most commonly encountered in day to day work in order to arrive at the appropriate VAT treatment. The application of the correct VAT treatment is of paramount importance and failure to do so may result in various negative business, reputational and financial implications.

This course is ideal both to newcomers in the VAT sphere (which have an opportunity that in just 4 sessions they can get a very good theoretical and practical understanding of the main VAT concepts from A to Z) and also to more experienced staff who have been working in the VAT sphere for a number of months/years (who may need to brush up their technical knowledge in an intensive manner or fill in certain gaps and clarify certain issues that there might be relating to certain transactions).

Communication will be encouraged throughout the whole course and practical examples will be discussed in a user friendly manner.
CPE

Qualifies for 12 CPE CORE hours under the core competency area.

Course Fee

The course fee is €160 for Member and €180 for Non-Members. Each session can also be booked individually at a cost off  €50 per session (members discount applies only to sessions booked individually and not to course fee) The fee covers seminar participation, coffee break and access to event resources.

A receipt will be issued to all participants.

Parking facilities

Ample parking is also available close to the venue.

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

Session 1 – 11 June – VAT Fundamentals
This session will cover the basic concepts based upon which the appropriate VAT treatment can be determined including:
-Groups of supplies
-How to arrive at the appropriate VAT treatment
-Taxable Person
-Supplies of Goods and Services
-Place of Supply
-Exemptions and VAT Rates
-Person Liable for the Payment of VAT (including the Reverse Charge Mechanism)

Session 2 – 13 June- VAT Compliance and commitments
This session will cover the VAT responsibilities which need to be fulfilled including:
-VAT Registrations (Articles 10, 11, 12 and VAT Grouping)
-VAT Documentation (invoices, fiscal receipts, records)
-Right of Refund (who is to claim what including partial attribution)
-Taxable Value (How to arrive at the 100%)
-Tax Point (when to declare a transaction in the VAT Return)
-Penalties and Interest

Session 3 – 18 June – VAT Topical Issues
This session will cover specific issues which often give rise to particular VAT treatment covering also the respective recent developments including:
-Triangulation
-VAT and Gaming
-E-Commerce (including Distance Sales and latest updates)
-Yacht Leasing Mechanism

Session 4 – 20 June – Compilation of VAT Return and other Forms
This session will cover the compilation of the main VAT forms going into detail of which transactions are to be declared in which box/field and when including:
-VAT Return
-Form 04
-Form 05
-Recapitulative Statement
-VAT Return Adjustment/Correction Form
-Intrastat Forms

About Speaker