VAT on services : Basic rules 

Training Plan:

Entrance quiz for training

Introduction

• How VAT works, introduction to VAT concepts and territoriality rules
• The five VAT questions to ask when analysing a transaction

Definition of a taxable transaction

• VAT taxable person
• Taxable transaction

Place of taxation of B2C / B2B services

• Customer VAT status
• Customer establishment location
• Specific B2B / B2C rules

Other exemptions and VAT liability

• Exempt transactions with or without right to deduct input VAT
• Real estate leasing
• Luxembourg VAT exemption scheme (small business exemption / threshold regime)
• Impact of the VIDA Directive

Person liable for VAT

• Taxable services performed abroad under specific rules
• VIDA-related updates

VAT return

• Determination of periodic filing obligations
• Changes in filing frequency
• Frequency of recapitulative statements
• EC Sales Lists (recapitulative statements for intra-Community services)
• Deadlines
• Reporting of revenues (services)
• Reporting of purchases (services)
• OSS / IOSS declarations

Final assessment and issuance of a training completion certificate, along with communication of results

Training objectives and arrangements

Training objectives : 

• Definition of a taxable transaction (concept of taxable person, transactions within the scope of VAT)
• Place of taxation of B2B/B2C services
• Main exemptions
• VAT liability (who is responsible for accounting and paying VAT)
• Reporting in the VAT return

Duration: 4 hours   Format: Virtual class (inter-company or in-house)

Audience : 

• Tax managers
• Chartered accountants and accounting staff,
• Purchasing or sales managers, 
• CEO wishing to understand the challenges of international VAT

Pricing: on request

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