Completing A Vat Return

This session will provide a comprehensive walkthrough of the Malta VAT Return, examining each box in detail through practical examples.

The aim is to ensure participants understand not only how to complete the return accurately but also the underlying VAT principles that govern these entries.

Detailed Analysis of Each Box

Understand what each box represents and how different types of transactions should be reported.

Practical Examples

Real-life scenarios will be used to illustrate common and complex transactions, ensuring clarity on reporting requirements.

Reference to VAT Provisions

The discussion will link examples to the relevant VAT rules, including:

• Place of Supply Rules for goods and services.
• Right of Recovery of Input VAT and eligibility criteria.
• Treatment of Blocked Items (e.g., motor vehicles, entertainment expenses).
• Disbursements vs Recharges and their VAT implications.

Other Compliance Submissions

The session will also cover:

• Recapitulative Statements (EC Sales List).
• Intrastat Declarations and thresholds.
• Adjustment Forms (credit notes, bad debt relief).
• Other declarations relevant to VAT compliance.

The Speakers

Michela Scicluna joined the University of Malta in 2012 and obtained her Bachelor of Commerce Degree in Accounting and Marketing. Following this, she joined one of the Big Four firms in 2015, simultaneously pursuing her ACCA studies. In 2019, she transitioned to a mid-tier firm, focusing her expertise on Indirect and Direct Taxation. In June 2019, Michela obtained her ACCA Qualification and became a member of both MIA and ACCA. In 2021, Michela successfully completed the MIT Course in Taxation provided by the Malta Institute of Taxation. Further enhancing her professional credentials, she secured her CPA Warrant in September 2021. Michela is now a Manager currently specialising in Indirect Taxation at RSM Malta.

Rachel Ebejer is a qualified accountant holding a Bachelor of Commerce in Accountancy and Management, a Bachelor of Accountancy (Honours), and a Diploma in VAT awarded by the Malta Institute of Management. She currently serves as an Assistant Manager within the Indirect Tax team at RSM Malta.

Rachel Ebejer is a qualified accountant holding a Bachelor of Commerce in Accountancy and Management, a Bachelor of Accountancy (Honours), and a Diploma in VAT awarded by the Malta Institute of Management. She currently serves as an Assistant Manager within the Indirect Tax team at RSM Malta.

Rachel brings extensive experience in servicing clients across a diverse range of industries, both locally and internationally, including gaming, retail, public sector, insurance, manufacturing, and automotive. Her role involves managing client relationships, overseeing VAT compliance, and delivering strategic advice on complex indirect tax matters.

Prior to her current position, Rachel worked as a consultant on a major government project focused on implementing a new accounting system. She played a key role throughout the project lifecycle, providing on-site support, contributing to milestone and progress reports, and ensuring successful execution of implementation tasks.

Her hands-on approach, technical expertise, and commitment to client service make her a valuable asset in navigating the evolving landscape of indirect taxation.