VAT for beginners Brief description:

VAT for beginners
Brief description:
Time &
Language:
English
Duration: Day 1: 09:00 – 16:00 ,
Day 2: 09:00 – 13:15
During the past years there is an increasing trend for
10 hours / 10 CPD units
companies to manage VAT compliance obligations
in house in order to minimize costs. However, simple Date &
Limassol:
VAT compliance tasks may lead to significant VAT Venue:
13 & 14 November
risks and penalties if not handled timely and
2014
correctly. The course aims to provide participants
PwC’s Training Centre,
with the adequate understanding of VAT principles
Limassol
to enable proper handling of VAT Compliance
(City House, 6
obligations.
Karaiskakis street, 3032
Limassol)
Program outline:
A. Basic Principles – 30 minutes
1.
2.
3.
4.
Overview of EU VAT system
Overview of Cyprus VAT system
Taxable transactions
Taxable persons
B. Registration / Deregistration – 60 minutes
1. Registration of taxable persons:
•
•
Voluntary registration
Obligation for registration
Nicosia:
21 & 21 November
2014
PwC’s Training Centre,
Nicosia
(Gala Tower, 4
Menandrou str., 1066
Nicosia)
Instructors: Martha Lambrou –
Director, Indirect Tax
Services
Stavroulla Zenonos –
Manager, Indirect Tax
Services
George Liasi – Senior
Manager, Indirect Tax
Services
Cost:
€270 (+VAT)
2. Group Registration
3. Deregistration
10% early booking
discount
For Limassol booking
made by 03/11/2014
For Nicosia bookings
made by 10/11/2014
C. Taxable transactions – 90 minutes
1.
2.
3.
4.
5.
Supplies of goods
Supplies of services
Time of supply
Charging VAT – Value of supplies
Deemed supplies
D. Output and Input VAT – 2 hours
1.
2.
3.
4.
5.
Output VAT– VAT rates
Input VAT
When can I claim input VAT?
When is the right to claim input VAT restricted?
VAT suffered prior to VAT registration
E. Exemption and zero rating – 60 minutes
1.
2.
3.
4.
5.
Difference between exemptions / zero rate
Partial exemption
Annual adjustment
Capital goods scheme
De minimis
F. Schemes – 45 minutes
1. Cash accounting
2. Second Hand Goods, Margin schemes
3. Tour Operators Margin Scheme
G. Overseas considerations – 2.5 hours
1. Place of supply:
•
•
Goods
Services
2. Reverse charge
3. 8th and 13th VAT Directive Refunds
Who should attend the course?
The programme is addressed to people working accounting departments of companies
who wish to be able to handle VAT compliance tasks (e.g. preparation of VAT, VIES and
Intrastat returns etc.) and identify transactions which give rise to VAT risks and
obligations.
Language: English
Information/Participation:
Eleni Anthimou – Administrator of PwC’s Academy
Email: eleni.anthimou@cy.pwc.com
Tel.:22 555 161
Fax: 22 555 029
For the registration form, please click here
PwC’s Academy
Registration form
Please complete all sections and forward to Eleni Anthimou by email (eleni.anthimou@cy.pwc.com) or fax (22 555 029)
Seminar title: __________________________________________________________________________________
Date(s) of seminar: ________________________________ Town: ________________________________________________
Enterprise information:
Main
enterprise
activity:
Enterprise Name:
Small enterprise
Enterprise size(*):
Medium enterprise
Large enterprise
Address:
Street Address:
P. O. Box:
Postal Address:
Postal Code:
Postal Code:
City:
City:
Telephone:
Fax:
Enterprise email:
Contact details:
Contact person:
Email:
Direct Tel.:
Participant(s) details:
Full Name
Position/Department/Duties
Incentive for participation
Email
1.
2.
3.
Payment Details:
Invoice to be issued on:
Enterprise or
Total number of participants: _________
Participant
Date of booking:
Total Net amount to be paid: € _____________
(+) 19% VAT and (-) HRDA subsidy (if applicable)
Signature:
*Please read “Terms & Conditions”
Payment Methods:
Payment will be settled by:
Cheque
Please issue in the name of “PricewaterhouseCoopers Professional Training Ltd” and mail to P.O.Box 21612, CY-1591 Nicosia
Bank Transfer
Please inform the bank that you will pay all charges.
Please send the payment receipt to Eleni Anthimou by email (eleni.anthimou@cy.pwc.com) or fax (22 555 029)
Bank:
Bank of Cyprus
Account:
357010066072
SWIFT:
BCYPCY2N
IBAN:
CY24002001950000357010066072
Bank Account name: PricewaterhouseCoopers Professional Training Limited
Credit Card Note: If the seminar is subsidised by HRDA the card must be an Enterprise Card and NOT personal
Visa
MasterCard
Amex
Other
Holders’ Name: ____________________________________
Card Number: _____________________________________
Expiry Date: ___________________ Card Security Code: ___________
Tick this box if you would like to receive email communications from us about future seminars/conferences
PricewaterhouseCoopers Professional Training Ltd
Gala Tower, 4 Menandrou Street, CY-1066 Nicosia
P O Box 21612, CY-1591 Nicosia, Cyprus
T: +357 22 555 161, F: +357 22 555 029
www.pwc.com.cy/theacademy
PTO
2
* The size of small, medium and large enterprises is determined on the basis of the Commission’s Recommendation 2003/316/EC of 6 May 2003
concerning the definition of micro, small and medium enterprises (see Official Journal of the European Union L 124 of 20/5/2003, p 36). The
enterprises that don’t meet the criteria established by the Recommendation are considered large enterprises. In summary, the sizes of enterprises
are as follows:
Annual turnover
Annual balance sheet total
Enterprise size
No. of employees
(millions Euro)
(millions Euro)
Large
 250
or
( 50
and
43 )
Medium
250
and
( 50
or
43 )
Small
50
and
( 10
or
10 )
To verify the above data the figures of all related and associated enterprises are summed up, as provided by the above Recommendation.
Terms & Conditions:
 Confirmation of participation will be sent by email upon receipt of your duly completed registration form.
 For subsidized seminars, you are required to complete the HRDA form 7 (PE) - and form 2 (PE), if applicable - and send to Eleni Anthimou
by email (eleni.anthimou@cy.pwc.com) or fax (22 555 029) before the seminar date. All information required by HRDA should be correct
and valid. We will send you the form(s) once we receive the registration form.
 Cancellations must be received at least 5 working days prior to the seminar date. Only in such cases, refunds will be made in full.
 Payment must be made in full prior to the seminar date.
 PricewaterhouseCoopers Professional Training Ltd reserves the right to change the date, cancel or postpone a seminar 2 days prior to the set
date due to low enrolments or for any other unforeseen reason.
Personal Data Protection:
You agree that PricewaterhouseCoopers Professional Training Ltd may (subject to compliance with the Cyprus Processing of Personal Data
(Protection of the Individual) Law of 2001 as amended) collect, store, disclose and transfer internationally (including disclosure and transfer to
other PwC firms or to their subcontractors) personal data, including sensitive personal data, relating to you and/or your employees for various
purposes including (i) processing, reviewing and administering your registration form to seminars/conferences, (ii) maintaining the administrative
or client relationship management systems of PricewaterhouseCoopers Professional Training Ltd (including the use of IT outsource providers), (iii)
quality and risk management reviews, (iv) statistical reviews, (v) providing you with information about PricewaterhouseCoopers Professional
Training Ltd and the range of seminars offered, (vi) meeting the requirements of applicable laws and regulations. When you provide personal data
to us about your employees and other individuals, you confirm that you only do so provided that you have authority to act as their agent and that you
have obtained any required consents.
PricewaterhouseCoopers Professional Training Ltd
Gala Tower, 4 Menandrou Street, CY-1066 Nicosia
P O Box 21612, CY-1591 Nicosia, Cyprus
T: +357 22 555 161, F: +357 22 555 029
www.pwc.com.cy/theacademy
PwC’s Academy
Registration form
I want to register to attend:
F7

F8

P7

Personal Details
Male
Full Name:
Female
Full Street
Address:
Telephone:
Mobile:
Personal email:
Firm you are
working at
(if applicable):
Business email:
For students whose fees are sponsored by their employer:
Employer’s Details
Organisation/
Company:
Street Address:
Postal Address:
Postal Code:
P. O. Box
Postal Code:
City:
Country:
Telephone:
Fax:
Company
contact name:
Email:
% of fees
sponsored:
100%

50%

other%
_____
Signature:
Note: In case the firm will sponsor any % of the fee a confirmation letter must be signed by the firm.
We would appreciate it if you could send us an email informing us of your results in
order to be able to get the PwC’ Academy pass rates for the period.
Agree
Don’t agree
Participant’s signature: _______________________ Date: ________________
PricewaterhouseCoopers Professional Training Ltd
Gala Tower, 4 Menandrou Street, CY-1066 Nicosia
P O Box 21612, CY-1591 Nicosia, Cyprus
T: +357 22 555 161, F: +357 22 555 029
www.pwc.com.cy/theacademy
Contact person: Eleni Anthimou
Tel.: 22 555 161
Fax.: 22 555 029
Email: eleni.anthimou@cy.pwc.com
2
Notes:
 Payment must be made in full by the end of the course.
 Payment can be made by cash, cheque, credit card or bank transfer.
 Confirmation of participation will be sent by email upon receipt of your duly completed registration form.
 PricewaterhouseCoopers Professional Training Ltd reserves the right to change the date of a course day within a minimum of 3 days prior to the
set date. Of any changes you will be informed in advance by email.
Personal Data Protection:
You agree that PricewaterhouseCoopers Professional Training Ltd may (subject to compliance with the Cyprus Processing of Personal Data
(Protection of the Individual) Law of 2001 as amended) collect, store, disclose and transfer internationally (including disclosure and transfer to
other PwC firms or to their subcontractors) personal data, including sensitive personal data, relating to you and/or your employees for various
purposes including (i) processing, reviewing and administering your registration form to seminars/conferences, (ii) maintaining the administrative
or client relationship management systems of PricewaterhouseCoopers Professional Training Ltd (including the use of IT outsource providers), (iii)
quality and risk management reviews, (iv) statistical reviews, (v) providing you with information about PricewaterhouseCoopers Professional
Training Ltd and the range of seminars offered, (vi) meeting the requirements of applicable laws and regulations. When you provide personal data
to us about your employees and other individuals, you confirm that you only do so provided that you have authority to act as their agent and that you
have obtained any required consents.
PricewaterhouseCoopers Professional Training Ltd
Gala Tower, 4 Menandrou Street, CY-1066 Nicosia
P O Box 21612, CY-1591 Nicosia, Cyprus
T: +357 22 555 161, F: +357 22 555 029
www.pwc.com.cy/theacademy
Contact person: Eleni Anthimou
Tel.: 22 555 161
Fax.: 22 555 029
Email: eleni.anthimou@cy.pwc.com