THE VAT REVERSE CHARGE MECHANISM

The Chelco VAT International Academy continues its series of high-level VAT educational events with a morning seminar focussing on the mechanics of the Reverse Charge Mechanism.

The Managing Director of Chelco VAT and Lead Instructor of the Academy, Alexis Tsielepis, together with fellow Director, Panayiotis Panayi, will analyse when the reverse charge is used, how it works and how it should be reflected in the books and VAT returns of taxable persons in Cyprus. The seminar will cover the different scenarios where VAT must be discharged through reverse charge with relevant examples for discussion.

The seminar is open to any professional with exposure to VAT matters under the following scenarios:

  • Intra-community trade of goods;
  • Receipt of services from abroad;
  • Domestic reverse charge transactions (e.g. services in the construction industry, sale of scrap metal);
  • Transactions where the supplier is not established in the Member State of supply;
  • Trade of goods with triangular simplification.

Download the seminar brochure in EN

AGENDA

8:30am – 9:00am Registration & Coffee
9:00am – 9:05am Welcome Address
Alexis Tsielepis – Co-Instructor
9:05am – 11:00am
  • Explanation of the purpose of the reverse charge mechanism.
  • Application of the reverse charge on intra-community acquisitions.
  • Application of the reverse charge on services received from abroad.
11:00am – 11:30am Coffee Break
11:30am – 1:00pm
  • Application of the domestic reverse charge.
  • Extension of the reverse charge for non-established suppliers.
  • Application of the reverse charge on triangular transactions.

Discussion and Questions

1:00pm End of Seminar

THE INSTRUCTORS

Alexis_236x236px

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

 

Alexis Tsielepis

Alexis is widely considered as the foremost expert on VAT in Cyprus. With more than 15 years of experience in VAT strategic consulting, he advises businesses on international VAT matters and lectures at local and international VAT conferences.

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 sits on various committees charged with tax matters, including the VAT Committee of ICPAC, on which he has held various positions, including Vice-President. His work includes liaising with the Cyprus tax authorities and government on policy making.

He has written a number of tax syllabuses, chapters and articles on matters pertaining to Cyprus and EU VAT. He is the author of the book “An in-depth analysis of the Fixed Establishment concept and a comparison with the Permanent Establishment concept”.

Alexis is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), 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 now a Partner and a Director of the VAT Forum and teaches at various international VAT schools.

Alexis is sharing his knowledge on VAT, in a series of seminars and workshops organised by the Chelco VAT International Academy, covering an array of VAT-dedicated topics.


Panagiotis_236x236

Panayiotis Panayi, BA, ACA
Director
Chelco VAT Ltd
E-mail: p.panayi@chelcoVAT.com

 

Panayiotis Panayi

Panayiotis is an Associate Chartered Accountant (ACA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC), with more than 10 years of experience in VAT.

He holds a Bachelor of Arts degree in Accounting and Finance from Manchester University in the UK. Panayiotis trained initially with Deloitte & Touche LLP in Manchester, and subsequently with PwC Cyprus, as a Chartered Accountant with the Institute of Chartered Accountants in England and Wales (ICAEW), before joining Chelco VAT Ltd as Senior VAT Consultant in 2014. In 2017, he was awarded the Expert in EU VAT degree, finishing first in his class.

He now works exclusively as a consultant in VAT advisory and compliance services for both local and international companies with activities in Cyprus, Europe and worldwide.

Panayiotis has authored or contributed to various articles and other publications in Cyprus and abroad on matters pertaining to Cyprus and EU indirect taxation.

WHO SHOULD ATTEND?

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

  • Accountants
  • Chief Accountants
  • Financial Controllers
  • Tax Consultants
  • VAT Department Officers
  • VAT Specialists

WHEN, WHERE & HOW MUCH?

The VAT Reverse Charge Mechanism

Date & Venue Limassol
Friday, 8 February 2019, Columbia Plaza Venue Centre
Time 9:00am – 1:00pm (registration at 8:30am)
4 CPD Units (certificates of attendance will be provided)
Cost €175 + VAT
Group Discount (for 3 persons or more): 15%
Seats are limited!
Language English