Fundamentals
Target audience
- Accountants
2 day
New training
VAT Filing Training
Prerequisites
No prior knowledge is required
Objectives
◗ File a VAT return.
◗ Apply the rules regarding deductible VAT.
◗ Incorporate the new deduction rules that are now in effect.
◗ Ensure the reliability of intra-EU transactions, imports, and exports.
◗ Anticipate the risk of a tax audit.
Training program
◗ Scope of VAT
– Transactions that are taxable by nature, by law (Art. 256/257 of the CGI), or subject to VAT by election (Art. 260 of the CGI)
– Taxable persons
– Transactions outside the scope of VAT and exempt transactions
✔ UNDERSTANDING | Analyzing taxable transactions
◗ Determine the VAT due
– Chargeable event and VAT liability (Art. 269 of the CGI)
– VAT tax base: amounts to be included, re-invoiced expenses, price reductions
– VAT rates
– Accounting requirements
– New invoicing procedures – Electronic invoicing (issuance deadline, retention period, etc.)
✔ APPLY | Overarching case study: identify when VAT is due, calculate the tax base and the VAT due
◗ Calculate the deductible VAT
– Conditions for the right to deduction: general principles and deduction coefficient, liability coefficient (partially liable taxpayers) and taxation coefficient (partially liable taxpayers)
– Exceptions to the right to deduct: eligibility coefficient
– Procedures for exercising the right to deduct
✔ APPLY | Case study: Develop a checklist of all cases in which VAT is deductible
◗ VAT Deduction Mechanism
– Legal Framework
– Impact of the System on Partially Subject Enterprises
– Annual and Comprehensive Adjustments to Fixed Assets and Services
– General Application of the Allocation Rule
– Procedural Requirements of the System
◗ Special Diets
– Rules for self-supplies (simplification of the system) and rules for used goods
– Real estate VAT rules: the implications of the reform (Art. 290 of the General Tax Code)
– Recording of the reverse charge mechanism for VAT in the construction sector
◗ VAT Territoriality: Ensuring the Reliability of Intra-Community Transactions, Imports, and Exports
– Trade in goods: exports, imports, intra-Community supplies, and intra-Community acquisitions
– Rules applicable to the provision of services: reverse charge procedure (Art. 283-2 of the CGI)
– Principle of the Declaration of Trade in Goods (DEB) (Art. 289 C of the CGI)
– Principle of the European Services Declaration (DES) (Art. 259 of the CGI)
◗ VAT Return: CA3
– New thresholds for tax regimes
– Concept of electronic filing: thresholds and regulations (Art. 1649 of the CGI)
– New sections in Form CA3
– Application for and refund of the VAT credit
✔ APPLY | Overarching case study: file a VAT return incorporating all the scenarios discussed
◗ Payment of VAT (Art. 270 of the CGI)
– Principle
– Practical details regarding payment
Why choose this course?
Fully operational and incorporating the latest changes, this VAT training course helps accounting staff ensure their practices are sound and minimize the risk of tax assessments.
It covers VAT mechanisms, deductibility, international VAT, the CA3 return, and payment.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
€1,630 (excluding tax)