True Partners Consulting (UK) LLP is holding a 40 min webinar on European and UK VAT on 24th February at 4:30pm UK GMT (US-10:30am CST).

Our experts will cover the following areas:

• Overview of main forms of indirect tax
• Key concepts and issues
• Outline of the UK VAT system
• European Developments
• VAT and Transfer pricing interaction – Intercompany charges
• Case studies

Who is this webinar most appropriate for?

• All UK companies and partnerships with employees including ‘Not for Profit’ sector; and
• Any overseas company with operations in the UK and Europe

Target Audience: CFO’s, Finance Directors, Financial Controllers, VAT teams, International Tax teams, EMEA Tax controllers.

Key client issues:

• Need to comply with ever increasing compliance obligations
• Need to maximise VAT recoveries
• Need to reduce negative impact of VAT on cashflow
• Aim to minimise HMRC Risk rating and reduce risk of penalties
• Desire to simplify administration

Questions for audience to consider as part of the webinar:

• Are you confident that you are accounting for the right VAT at the right time?
• Are you recovering all VAT which you are entitled to reclaim?
• What steps have you taken to train staff to ensure compliance and awareness of major issues?
• How VAT-efficient is your current arrangements?
• When did you last review your current policies and procedures?

Presenters from UK and Germany.

To Register: contact Abbas Sadak

Abbas Sadak
Director – UK and European Tax
True Partners Consulting (UK) LLP
P 0207 868 2434 • F 0207 868 1800 • M 07957 303 892
Abbas.Sadak@TPCtax.co.uk

www.TPCtax.co.uk

The purpose of the webinar is to provide an overview and guidance to UK and European Financial Controllers, Finance Directors, In-house tax managers etc on a structured approach for the identification of transfer pricing risk as part of the audit of tax provisions (i.e. statutory accounts preparation and reporting of tax numbers).

The presentation will also focus on risk assessments for trading transactions.

Our presentation will involve specialists from our European affiliates.

Who is this webinar most appropriate for?
• All UK companies and partnerships with employees including ‘Not for Profit’ sector; and
• Any overseas company with operations in the UK and Europe

To register, please contact Abbas Sadak (contact details listed below). Dial in details for the webinar will be provided nearer the time.

Abbas Sadak
Director – UK and European Tax
True Partners Consulting (UK) LLP
P 0207 868 2434 • F 0207 868 1800 • M 07957 303 892
Abbas.Sadak@TPCtax.co.uk

www.TPCtax.co.uk

We are currently assisting finance and tax departments in managing iXBRL. with tagging statutory accounts as well tax computations such that these are filed in the required formats as required by HMRC and Companies House.

Our accounting software incorporates the following features:

• Convert statutory accounts documents (Word) into an iXBRL format
• Automatically tags most of the statutory account numbers
• Compliant with UK GAAP and IFRS accounting standards & taxonomies
• User may adopt manual tagging or override automatically assigned tags
• Intelligent data dictionary memory tagging

Our tax software also includes a fully automated tagging process into Alpha tax.

Feel free to contact Abbas Sadak at True Partners Consulting (UK) LLP incase you would like to have a demonstration of the accounting software or would like to outsource your UK entities accounts or tax computations for converting into the IXBRL. format.

Based on our experience, a number of European countries are implementing much stricter transfer pricing documentation requirements as well as imposing penalties where no support exists.

To prevent US groups with European Subsidiaries having to take a country-by-country transfer documentation approach with all its inherent downsides the European Council approved the Transfer Pricing Documentation Code of Conduct and encourages member states to implement the EU Transfer Pricing Documentation (EU TPD) approach, allowing taxpayers to avoid transfer pricing penalties if they maintain a ‘master file’ of standardised information; and ‘country-specific’ versions of standardised documentation for each member state in which the taxpayer has related party transactions, including documents relevant for that country only. In line with these developments, this provides an opportunity to streamline this process for your European operations.

We have assisted a number of our US clients prepare such documentation in Europe and have also been involved in defending such transfer pricing policies with the relevant European Tax Authorities.

Please ontact Les Secular our European Transfer Pricing Partner based in our London office to discuss your requirements further. Les has over 30 years experience assisting multinational companies with transfer pricing matters.

Download full PDF

Download full PDF

One of the main features of the VAT regime in the European Union (EU) is the VAT invoice, as this is the main tax document that determines when VAT has to be accounted for. It is also the primary document for a business to determine when it is entitled to recover what it has been charged. Historically, the invoices have been in paper form and the rules governing their content and issue have reflected this. However, increasingly businesses have been adopting electronic invoicing and although the VAT Directive provided for electronic invoicing the rules were more restrictive and not consistent across the Member States. In order to address this issue the Council of the EU has adopted a Directive aimed at simplifying the VAT invoicing requirements in particular as regards electronic invoicing.

Download full PDF

Download full PDF