THE PRINCIPLES OF VAT LAW: UNDERSTANDING HOW THE VAT SYSTEM WORKS

Unless you deal with VAT on a daily basis, coming across VAT issues may seem bewildering, overly complex and messy. Yet, the VAT system works on the basis of distinct principles. Understanding these principles and how they connect is key to a clear understanding of the workings of VAT.

The two full-day seminars in Limassol and Nicosia respectively, will analyse, explain and evaluate these core principles, offering a breath of fresh, crisp air in VAT learning.

The course represents a detailed interpretation of the VAT principles, to assist beginners and advanced VAT users alike to understand the reasoning and functioning of the VAT system. Practical examples and reference to key judgments from the European Court of Justice (ECJ) will also be provided.

The seminars will cover the following areas of VAT legislation:

  • Defining the territorial scope of the VAT Directive
  • Defining what constitutes a taxable person
  • Explaining the reverse charge principal
  • Examining the four types of transactions within the scope of the VAT Directive
  • Determining the place of supply of these transactions, including a brief examination of chain supplies and the fixed establishment
  • Examining when the chargeable event arises
  • Examining what constitutes the taxable amount and the VAT rate that applies
  • Defining the nature of exemptions, with or without the right to deduct input VAT
  • Examining the rules regarding the right to input VAT deductions
  • Examining who has the responsibility and obligation to discharge the VAT
  • Brief explanation of books and records

Bringing it all together, this course is suited for beginners as well as those with VAT experience who wish to delve deeper into the workings of the EU VAT system, so that they can quickly gain more experience in the field of VAT at the EU level.

Download the seminar brochure in ENGLISH

AGENDA

8:30am – 9:00am Registration & Coffee
9:00am – 9:10am Welcome Address
Alexis Tsielepis
9:10am – 11:10am
  • Defining the territorial scope of the VAT Directive
  • Defining a taxable person
  • Explaining the reverse charge principal
11:10am – 11:30am Coffee Break
11:30am – 1:00pm
  • Examining the four types of transactions
  • Explaining the place of supply
  • Explaining chain transactions and fixed establishment
1:00pm – 2:00pm Lunch Break
2:00pm – 3:30pm
  • Explaining when the chargeable event arises
  • Determining the taxable amount
  • Examining the VAT rates
  • Explaining the VAT exemptions, with or without the right of deduction
3:30pm – 4:00pm Coffee Break
4:00pm – 5:30pm
  • Explaining when the right to deduction arises
  • Determining who has the responsibility to pay the VAT
  • Examining the books and records

Discussion and Questions

WHO SHOULD ATTEND?

Professionals dealing with VAT matters in all industries and at all levels, who would like to expand or enhance their VAT knowledge:

Chief Financial Officers
Chief Accountants
Accountants
Tax Advisors
CFOs & FCs
VAT Department Officers

THE INSTRUCTOR

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Alexis Tsielepis, BSc, FCA
Managing Director
Chelco VAT Ltd
E-mail: a.tsielepis@chelcoVAT.com

 

Alexis is widely considered as the foremost expert on VAT in Cyprus. With close to 20 years of experience in VAT strategic consulting, he advises businesses on international VAT matters and lectures at local and international VAT conferences and schools.

Alexis possesses an extensive vocational and educational experience in European VAT and a detailed comprehension of EU VAT matters and decisions of the European Court of Justice (ECJ). He teaches at various VAT International Schools and sits on various committees charged with VAT matters. His work includes liaising with the Cyprus tax authorities and government on policy making.

He has written a number of tax syllabuses, chapters, articles and a book on matters pertaining to Cyprus and EU VAT.

Alexis is a Fellow Chartered Accountant and holds the Expert in European Value Added Tax Degree, which he earned with the highest grade ever awarded in the history of the coveted diploma. He is a founding member and the Vice-Chairman of the Cyprus VAT Association (CYVA).

WHEN, WHERE & HOW MUCH?

What, When, Where The Principles Of VAT Law:
Understanding How The VAT System Works

Limassol: Friday, 21 February 2020, Columbia Plaza
Nicosia: Tuesday, 25 February 2020, Cleopatra Hotel

Time 9:00am – 5:30pm (registration at 8.30am)
7 CPD Units (certificates of attendance will be provided)
Cost €275 + VAT (including light lunch)
Group Discount (for 3 persons or more): 10%
Seats are limited!
Language English