This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

These two 1.5 hour sessions will provide an overview as to why 2021 will be a pivotal year for VAT and how these crucial changes could impact Maltese businesses.

Specifically the sessions will provide an overview of the following topics:

• Brexit including the VAT treatment and practical implications associated with the supply of goods and services to the UK and Northern Ireland; and input VAT considerations associated with goods or services procured from Northern Ireland and the UK;
• Salient cases decided by the Court of Justice of the EU (‘CJEU’) during 2020 including the implications stemming from the San Domenico Vetraria case (C-94/19) and the implications this case has on the VAT treatment of intra-group supplies of staff as well as the supply of directorship services through corporate service providers;
• The 2021 VAT changes which are expected to come into effect as from 1st July 2021. This part of the sessions will delve into the impact the 2021 VAT changes are expected to have on businesses engaged in the distance sale of goods sold to non-business customers established within the EU, including distance sales of imported goods and the sale of goods facilitated by electronic interfaces/ market places. This part of the sessions will also delve into the impact the 2021 VAT changes are expected to have on logistics companies and certain suppliers of services providing B2C services deemed taking place outside Malta;
• Other developments one can expect during 2021 including the proposed consultation in the financial services sphere and discussions on the status of EU discussions on the Travel Agents Margin Scheme.

The session will allow sufficient time for questions to be raised and discussed.

Target Audience:

Accountants, lawyers or other individuals interested in keeping abreast with the widespread VAT developments.

The topics that will be discussed will be of particular interest to the following:

• Businesses engaged in trade in goods and/or services with the UK and Northern Ireland including businesses in the insurance and financial services sphere providing services to UK based clients;
• Groups of companies with shared employee costs;
• Corporate service providers engaged in the supply of directorship services;
• Businesses engaged in distance sales (even if currently these businesses do not exceed the relevant distance sales threshold in other EU Member States);
• Online platforms and electronic marketplaces facilitating supplies of goods;
• Logistics companies

Learning Outcomes:

After attending the session, attendees will be in a position to identify business which will or may be impacted by the major changes that will be discussed during the session.

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hours: This course qualifies for 3 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Introduction by Anthony Pace, Partner, Head of Tax, KPMG in Malta

Anthony commenced his career in the firm’s audit function in 1990. In 1995 he joined the taxation services department and has since worked in income tax and value added tax. Anthony joined the partnership in January 2003 and he currently heads the firm’s tax function. Anthony has led numerous direct and indirect tax advisory engagements in banking and financial services, gaming, real estate and family businesses. He has also led several tax due diligence engagements. Anthony is a member of the Executive Management Committee at KPMG Malta. He is also a visiting lecturer in taxation at the University of Malta.

Louise Grima, Associate Director, Tax – VAT Compliance/Advisory, KPMG in Malta

Louise Grima is an Associate Director at KPMG Malta. She joined KPMG in 2015 after graduating with a Master in Accountancy from the University of Malta and has since worked in direct and indirect taxation assisting clients established in a number of fields including retailing, gaming, banking, funds amongst others. Louise was awarded the 2015 MIA Best Student of the Year prize for Master in Accountancy Group 2013/2015, holds a Diploma in VAT compliance and has successfully completed the Advanced Diploma in International Taxation with an overall distinction. Louise regularly delivers seminars on both direct and indirect taxation.

Discover more courses from our KPMG Learning Suites.

Is your employer paying for your CPE seminars? Contact us on kla@kpmg.com.mt to discuss how the employer can benefit from our offers.

Terms and conditions.