Digital Services Taxes Update

Professional Development

Overview

This seminar forms part of the 2020 Taxation CPD Seminar Series – a series of 10 CPD seminars, which take place once a month.

The 2020 Taxation CPD Seminar Series provides essential updates for tax professionals, delivered by industry recognised experts. This series will comprise 10 seminars of 60 minutes, inclusive of a 15-minute Q&A, covering a wide range of topics.

2020 Taxation CPD Seminar Series

View the full programme

Suitable For

Accountancy, Audit & Tax professionals

17 Mar 2020    View session times
17 Mar 2020    10:00 - 11:00
1 CPD hours
1 hour
Jersey

Digital Services Taxes Update

Date: 17 Mar 2020
Time: 10:00 - 11:00

Cost: GBP 55

TIMINGS

10:00-11:00 (Registration from 09.45)
Venue: Jersey International Business School

BENEFITS

  • Hard copies of speakers’ notes/slides are provided at each seminar – subject to availability
  • Certificates of attendance are provided for each seminar
  • Refreshments are provided
  • 1 hour of CPD

SEMINAR CONTENT

  • The Digital Services Tax concept has emerged from the "GAFA" (Google, Amazon, Facebook and Apple) cloud and its tax, legal and accountancy attributes are becoming legally apparent. Is it clear enough yet and what steps can be taken to mitigate exposure?
  • Their development is influenced by the CCTB at both the EU and the OECD levels and needs to be seen and understood within the context of the overall sea-change in multinational corporate taxation.
  • The new concept of a taxable value arising from providing a platform for inter-user interfaces will be addressed as will its position in the review of the old permanent establishment allocation of corporate net profits as opposed to gross revenue. The linkage between turnover taxation and net profits on Financial Statements will be overviewed.
  • Both the UK and the French systems will be analysed as to their respective and distinct consequences going upwards from indigenous taxpayers to the top level of the multinationals.
  • Last but not least, the provision of Financial Services through a digital platform to the UK by the Island's finance industry will be analysed and the lines of potential exposure drawn.

TUTOR

Peter Harris, Barrister at Law at Overseas Chambers of Peter Harris

Peter Harris is an English Barrister of 40 years’ call, initially a French corporate tax lawyer with what has since become Renault SA. With a European law and taxation background, he has practised in France, England and in Jersey. He was the first French Honorary Consul to the Island after the departure of the Diplomatic Consul in 1994.