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Indirect Tax
Conference 2020

Complexity with clarity

Wednesday, 22 January 2020
2 New Street Square, London
Register here

This year we will explore how indirect tax professionals can utilise the power of technology to gain insights, enhance collaboration, and improve accuracy and speed – in short, to make the most of the indirect tax function. 2020 will be the year in which businesses need to introduce digital links into their VAT accounting records and, potentially, the year in which the UK sees the biggest shake-up to indirect tax rules for years as a result of Brexit. We hope you can join us for a day of technical updates, networking, and thought provoking sessions which should help you determine how to navigate this by working with technology and collaborating, as opposed to simply working harder!

  • Agenda
     

     

  • Breakout
    sessions

     

  • Venue
     

     

Breakout session 1

Retail/Online Consumer Business
An indirect tax update of topical issues for the UK retail sector. The session will explore issues relating to the VAT developments impacting upon the retail sector (business promotions, no-supply, liability, retail exports, etc.) and a run through of topical case law.

Financial Services
An indirect tax update of VAT issues currently impacting on the financial services sector, including recent case law and HMRC policy.

Life Sciences & Health Care
The session will cover recent indirect tax developments impacting on the sector including litigation, Brexit, and changes to HMRC policy. If there are specific issues that you would like to discuss/cover as part of the session, please contact Tom Shaw in advance of the conference.

VAT issues for travel and hospitality businesses
This session will focus on topical indirect tax issues affecting the travel sector and will be relevant for airlines, hotel groups, travel agents and tour operators. (Registered attendees will be invited to highlight any specific issues that they would like covered.)

VAT developments across Europe in 2020: Is digitisation of indirect tax compliance going in one direction?
This session will provide an update of the practical VAT developments across the 28 EU Member States, as well as Switzerland and Norway. We will focus on the new indirect tax laws and measures that will become effective in 2020 at national level. Topics include e-invoicing via government platforms, real time reporting, and SAF-T obligations and how they will impact VAT obligations. EU quick fixes will also be briefly covered, as well as some insights into the work of the European Commission. CJEU case law will be discussed in a separate session. The session is especially useful for companies with VAT compliance obligations across Europe.

Automating indirect tax digital reporting processes
This session will look at the latest developments in automating indirect tax compliance and reporting.

Supply chain disruption
Brexit and increasing tariff measures along with changing trade relationships across the globe demand preparedness of global supply chains. We will examine the impact of increased protectionism, evolving trade agreements, and increasingly global supply chains involving multi-country sourcing and what supply chain re-engineering strategies can be adopted.


Breakout session 2

Energy and Resources
An overview of topical indirect tax issues for UK and global businesses operating across the energy and resources industry. The session will explore recent developments in EU rules for the sale of goods, UK rules for emissions trading, and E&R specific Brexit issues. The session will also address some of the practical considerations for businesses in managing their indirect tax compliance with a focus on Making Tax Digital. We will explore recent developments in case law relevant to the sector and resultant implications.

Real Estate
This session will provide an update on recent VAT developments, cases, and topical issues across the real estate sector, including for residential and commercial developers and investors.

TMT: No slowdown to the pace of change
The pace of change in the TMT sector showed no signs of slowing down in 2019 and we expect this to continue in 2020. The OECD and the European Commission are continuing to wrestle with how to tax the digital economy from both a direct and indirect tax perspective. This session will therefore reflect on recent changes as well as those in the pipeline, including: global VAT/GST requirements for non-resident businesses (including Digital Services Tax); recent and upcoming case law; OECD and EU commission consultations and proposals (including marketplaces and split payments); and an overview of the 2020 Deloitte TMT predictions.

VAT developments across Europe in 2020: Is digitisation of indirect tax compliance going in one direction?
This session will provide an update of the practical VAT developments across the 28 EU Member States, as well as Switzerland and Norway. We will focus on the new indirect tax laws and measures that will become effective in 2020 at national level. Topics include e-invoicing via government platforms, real time reporting, and SAF-T obligations and how they will impact VAT obligations. EU quick fixes will also be briefly covered, as well as some insights into the work of the European Commission. CJEU case law will be discussed in a separate session. The session is especially useful for companies with VAT compliance obligations across Europe.

Making Tax Digital: what you need to do next
With most businesses now submitting their VAT returns digitally, now is the time to consider the ‘end to end’ process and prepare for ‘digital links’. This session will look at how businesses can improve and automate their current processes with digital links, or even embark on more fundamental transformation of how they deliver compliance.

Global trade for indirect tax practitioners
With the advent of Brexit and other significant global trade impacts such as retaliatory tariffs, many VAT practitioners are becoming more involved in global trade issues and need to understand customs duty and global trade concepts and rules. With this in mind, we have produced an introductory session, led by our Global Trade Advisory specialists, in which we will talk through the fundamentals of customs and global trade and what indirect tax practitioners need to know to have a greater understanding of customs and global trade requirements.

Litigation update
This session will provide an overview of the most significant CJEU and UK indirect tax cases of 2019, and their implications for business, policy and practice. We will also look ahead to the most important cases coming up in the next year.


Breakout session 3

Indirect tax regulatory update
This session will provide an update on behaviour based penalties (including the impact of new guidance on assessments and penalties); the penalty for participating in VAT fraud (including how it is being used in practice); and the new business risk review process and its impact.

Implications of Brexit for supply chains
Following the UK’s General Election and based on the Conservative Party manifesto, it is expected that the UK will leave the EU on 31 January 2020. The UK will immediately enter a transition period, which will end on 31 December 2020 (unless an extension is agreed), and from 1 January 2021 new customs and VAT rules will apply. Given the information we now have, this session will discuss how businesses can manage the risks and opportunities arising from Brexit as they impact customs duties and VAT in relation to supplies of goods.

Making Tax Digital: what you need to do next
With most businesses now submitting their VAT returns digitally, now is the time to consider the ‘end to end’ process and prepare for ‘digital links’. This session will look at how businesses can improve and automate their current processes with digital links, or even embark on more fundamental transformation of how they deliver compliance.

SAP 4/HANA and the impact on tax
This session will review the progress of SAP 4/HANA and explore the impact and opportunities for indirect tax.

Oracle Cloud and the impact on tax
This session will review the progress of Oracle Cloud and explore the impact and opportunities for indirect tax.

Focus on Customs compliance
Customs is often seen as a ‘cost to business’ and it can be difficult to understand what value customs compliance brings to the business. Geopolitical events have served to bring customs to the forefront of the political debate and potentially change the perception of customs duty and compliance, leading onto key questions as to what extent customs compliance can bring a competitive edge to businesses today. In this session we will look at customs duty as tax, the view within business, and HMRC reform and increased focus on compliance.

Litigation update
This session will provide an overview of the most significant CJEU and UK indirect tax cases of 2019, and their implications for business, policy and practice. We will also look ahead to the most important cases coming up in the next year.


Date:
22 January 2020

Time:
Registration and breakfast from 09:30
Conference starts 10:00

Location:
Deloitte
2 New Street Square, London
EC4A 3BZ


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