VAT training on services : basic rules
Understand VAT rules on services, identify VAT obligations, and determine the VAT treatment of intra-Community and international transactions.
Audience :
- Tax managers
- Chartered accountants and accounting staff,
- Purchasing or sales managers,
- CEO wishing to understand the challenges of international VAT
Pricing: on request
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)
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
