MIT-CIOT Collaboration: webinar on the direct and indirect tax considerations post-Brexit
On Monday 24th May, the Malta Institute of Taxation, together with the UK Chartered Institute of Taxation hosted a panel discussion on the key direct and indirect tax considerations post-Brexit. The panellists were:
For the Malta Institute of Taxation: Dr Trudy Muscat (Associate Director, KPMG Malta) and Chris Borg (Leader Indirect Taxes, Deloitte Malta);
For the UK Chartered Institute of Taxation: Gary Ashford (Tax Partner, Harbottle Lewis); Ian Hayes (UK VAT specialist).
Trudy Muscat and Gary Ashford took participants through some of the salient direct tax considerations, including, the implications on the cross-border tax treatment of investment and transactions and tax transparency and exchange of information, and also discussed developments around the tax challenges of the digital economy.
Chris Borg and Ian Hayes discussed the indirect tax considerations, including, the changes to the treatment and reporting of cross-border transactions now that the UK is a third country, the special status of Northern Ireland in the context of transactions in goods and the application of the new VAT e-commerce rules to imports from the UK post 1 July 2021.
The Malta Institute of Taxation thanks the panellists for sharing their knowledge and experience with the participants.