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M24100 - VAT Liability & Reverse Charge Mechanism (Online)

  • 19 Nov 2024
  • 09:30 - 11:30
  • Online Webinar

Registration

Registration is closed
Registration Time:09:15
Sessions Time: 09:30- 11:30  No Break
Speakers: Mr Brandon Gatt
Venue:   Online Webinar

Participation Fees 
MIA Members: €28
Non-MIA Members: €50.00
Retired Members: €15.00
Students: €20.00

*Group bookings for 3 or more participants available.


BACKGROUND INFORMATION

The upcoming session will delve into the intricacies of the 'reverse charge mechanism,' a vital concept in VAT compliance. Traditionally, VAT payment responsibility falls on the supplier. However, the reverse charge mechanism shifts this liability to the recipient of the supply. This session will explore how this mechanism helps prevent tax avoidance, evasion, and fraud in local transactions. It will also cover its significance in cross-border transactions, eliminating the need for suppliers to register for VAT in the recipient's Member State, and its role in simplifying intra-community triangular supplies of goods.

objectives of the session

By the end of the session, attendees will:
  • Gain a thorough understanding of the reverse charge mechanism.
  • Learn to identify different scenarios where the reverse charge mechanism is applicable.
  • Distinguish when the VAT liability lies with the supplier versus the customer.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • A methodical approach to analysing transactions from a VAT perspective
  • Understanding ‘Reverse Charge’ - fundamental concepts.
  • An overview of the main legislative articles governing the liability for the payment of VAT and the reverse charge mechanism.
  • Real-world applications for both goods and services transactions.
  • Anticipated updates and amendments to the reverse charge regulations.


    Target Audience

    This session is designed for:
    • Professionals responsible for VAT compliance.
    • Tax advisors and practitioners managing VAT obligations for their clients.
    • Individuals pursuing or intending to pursue a career in taxation, particularly in indirect taxation.


    Speaker's Profile


    Brandon Gatt, a Certified Public Accountant in possession of an ACCA degree, has been in the profession for the past ten years. He has been involved in VAT and accounting assignments both within and outside of Malta. Brandon has been specialising in VAT since 2016 and he is one of the VAT Partners at Zampa Debattista.
    In a relatively short period, Brandon has acquired the necessary experience vital to handling an ever-growing portfolio of diverse clients, operating within various sectors of the economy. He is the only second Maltese professional to successfully complete the EU VAT Expert Degree, a degree administered and awarded by VAT Forum, an international partnership of indirect tax specialists, founded in 1999.
    Brandon also provides in-house training to established companies within and outside Malta and is also a lecturer for the ‘Certificate in TAX Compliance’ being offered by the Malta Institute of Taxation. He is also a lecturer with ZD Academy and also lectures the ACCA Advanced Taxation (VAT). Brandon also forms part of Malta Institute of Accountants Indirect Tax Committee.

    EVeNT CPE COMPETENCies

    2 Core

    WEBINARS TERMS AND CONDITIONS

    Terms and conditions  apply


    DISCLAIMER

    By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.
    Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.
                   

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