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Opportunites, current and future trends in the Spanish outsourcing market

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Demystifing VAT for outsourcing

12 October 2011

VAT is often a critical factor in the economics of outsourcing in the financial services and insurance sectors, so it is important for those involved to be aware of developments, opportunities and traps. Getting VAT wrong can not only be expensive, it can cause missed opportunities and also end in litigation.

There have been several changes to VAT case law in the last few months that have the potential to impact on the availability of the VAT exemption in financial services and insurance outsourcing. Meanwhile, the proposals for law change coming from the EU are continuing to evolve and look likely to be agreed fairly soon.

This seminar followed on from the successful event we ran on this subject last year. It provided a lively, clear and business-focused explanation of the latest VAT developments in this area. The seminar covered:

  • for the uninitiated, a short introduction to the rules and the current main exemptions relevant to outsourcing;
  • the latest significant case law changes and their practical impact; 
  • traps for the unwary, based on actual experience and market intelligence; and 
  • the future: current proposals for law change and their potential impact. 

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Mark Lewis

BLP
Partner, Commercial & Outsourcing

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