This session will provide a detailed analysis of the 2021 VAT changes and the impact of these changes on the various involved parties, with the use of practical examples.

Wednesday, 21 October 2020
15:30 - 18:30
Malta Life Sciences Park, San Gwann
Saviour Bezzina

Preparing for VAT 2021: B2C Transactions in Goods and the extension of the Mini One Stop Shop

E-Commerce EU VAT rules were and will be subject to a number of significant changes which substantially effect the VAT treatment applicable to cross Border B2C supplies of goods and services. The first set of changes came into effect on 1 January 2019 and the second second, more wide ranging, set of changes shall be coming into effect from 1 January 2021.

This session will discuss briefly the background to such changes (also summarising the 2019 changes) and then move on to effect a detailed analysis of the 2021 VAT changes and the impact of these changes on the various involved parties, with the use of practical examples.

The session will briefly revisit the 4 changes which came into effect in 2019 and then move on to focus in detail on the 2021 changes, namely:

  • B2C supplies of services (other than TBE services)
  • Intra EU Distance Sales of Goods
  • Domestic supplies of goods facilitated by electronic interfaces
  • Distance sales of goods imported from third countries (maximum €150)

Reference will be made to which type of transactions will be impacted and how with the use of practical examples which will explain both the technical aspect of the changes (the basis on which the VAT treatment will change due to the amendments/additions to the wording of the various provisions in the legislation) and well as the practical changes (the manner in which such tranactions will have to start being declared by the various involved parties, including new obligations which various parties will be exposed too, as well as opportunities which may lead to less onerous compliance obligations for others).

Questions from attendees will be encouraged to make the session more relavant for participants.

This seminar is eligible for the Membership Offer (MIT Members may attend 2 MIT seminars a year on a complimentary basis – Terms & Conditions Apply). To claim the offer for this seminar, select ‘MIT Members – Membership Offer’ as the price option. A participant’s eligibility for the offer claimed is subject to final confirmation by the Malta Institute of Taxation.
In case of group bookings kindly contact [email protected]

3 CPE Core Hours

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Saviour Bezzina

Saviour is the senior manager responsible for indirect tax matters at the EY Malta office and forms part of EY’s Global Indirect Tax Network as a local knowledge contact.  He joined EY in July 2006 after obtaining the Bachelor of Accountancy (Hons.) from the University of Malta. He is a member of the Malta Institute of Accountants, holds a Diploma in VAT compliance, lectures regularly on VAT and indirect tax matters and is a member of the MIA and MIT Indirect Taxation Committees. Saviour was awarded the 2007 MIA prize as the best student who graduated in the Bachelor of Accountancy (Hons) Degree Course Group 2004/2006.