VAT School

Practical examples are included in each section of the programme.

You are cordially invited to attend the VAT School in person at our premises, or you may attend the programme via a webinar.

Who are the intended participants?

• Tax, accounting, and controlling specialists
• Tax/accounting department personnel acquainting themselves with VAT basics
• Anybody who wishes to better understand basic VAT principles

Programme

1. Basic terms, subject-matter of tax, person liable to tax, VAT registration, taxable period
2. Place of supply, VAT reports
3. Delivery and acquisition of goods from/to another EU member state, the concept of main and ancillary supply
4. Chain supplies, triangulation, Incoterms, consignment warehouses
5. Import/export of goods
6. Cross-border provision/receipt of services, person liable to declare and pay tax – Section 108, financial services
7. Domestic reverse charge mechanism, VAT relating to real property
8. Occurrence of a tax liability, tax base, corrections of tax base, VAT rates
9. Entitlement to VAT deduction, VAT coefficients, adjustments to deduction, entitlement to deduction on the change of VAT regime
10. Invoicing – preparation of tax documents, VAT administration (report filing, record-keeping), correction of tax base for irrecoverable debts