1 Day VAT training course specifically designed for:

Who should attend this course?
Anyone who is responsible for the payment of fees for professional services and for the operation of Professional Services Withholding Tax (PSWT), or anyone who is responsible for payments made to members of State of State sponsored Committees or Boards, will find this course to be of immense value.

What does the course cover?
The course outlines the legislation and the rules relating to the operation of PSWT. It examines the types of payments which are covered and those which are not, and it identifies many "professional services" which are not covered. It outlines the rules relation to Irish and overseas service providers, the forms to be completed and submitted to Revenue, and how arrears and amendments should be dealt with. The course also examines many of the practical difficulties which payers have to deal with, especially those concerning multiple supplies, where only some qualify as professional services. The course covers a whole range of payments and uses many real life scenarios to highlight the complications which can arise and which lead to problems.

When a person serving on a State, or State sponsored committee or board, is paid for services supplied, is that payment subject to PAYE/PRSI, or is the individual treated as being self employed and if so, is the payment subject to PSWT? What are the rules for determining the correct tax treatment of such payments?

Why are many of the expenses payments paid to such committee, or board members, liable to PAYE/PRSI and what are the rules for determining this. What are the implications for any such payments which have been paid without the operation of PAYE/PRSI, or the deduction of PSWT and why is this a cause for concern?

What will revenue look at in the event of a Revenue audit and what are the possible repercussions? Why do Revenue treat short comings in the payments to members of State and Semi State Committees and Boards in a particularly hard manner?

Who will present this course?
The course is presented by a professionally qualified tax consultant, who will explain in detail, how the PSWT legislation should be implemented. Questions are welcomed on all aspects of PSWT legislation and a comprehensive manual will be supplied to each delegate, which will act as a valuable reference document.

CPD/CPE Hours

Attendance at this seminar may qualify for 7 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in Ireland, the Irish Taxation Institute, the Law Society and the Institute of Accounting Technicians in Ireland and other professional bodies.

Timetable

Courses run from 10.00am - 4.30pm - tea/coffee on arrival. mid-morning & mid-afternoon and lunch will be provided

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Course Fees:

(Additional 10% discount applies for IPASS Members)

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