This workshop has been held at Legal Business Day on 8 September 2011. This presentation takes you through the future of VAT from an EU perspective, giving detailed background information on the future VAT reforms and insight into what can be expected in the future VAT framework in Europe. Special attention is paid to the practical implications of the new European Council Regulation clarifying the existing VAT rules. During this workshop DLA Piper specialists shared information concerning the key decision makers in Europe and the value of early participation in the legislative process for your business. A case study was presented, which focuses on the practical issues you may face if your business were to get involved in the legislative process.

2. The future of VAT A view from Brussels Daan Arends Emma Greenow Deze presentatie is beschikbaar op legalbusinessday.nl

6. B2C vs B2B: VAT planning Supplier Holding Supplier Holding plus 19% NL VAT NL LUX 15% LUX VAT

9. Case study GER Supplier GER Customer Global Contract Which establishment is providing the service? Does the local fixed establishment intervene? Reverse charge mechanism applicable? CS FE SU FE

12. Effective use & enjoyment override Supplier US co 23% Greek VAT No VAT transfer of IP

19. Measures to generate revenue Financial Transaction Tax At the Paris summit today Chancellor Angela Merkel and President Nicolas Sarkozy said they planned to introduce the tax as part of their response to the sovereign debt crisis. Mr Sarkozy said: "The French and German ministers will table a joint proposal at the EU level next September for a tax on financial transactions. This is a priority for us." Telegraph, 17/8/11

20. Sticking points Its been a difficult few months for the European Commission

29. Contact Daan Arends Emma Greenow E: daan.arends@dlapiper.com T: 020 5419 315 E: emma.greenow@dlapiper.com T: + 32 2 500 1623

30. legalbusinessday.nl Twitter mee over Legal Business Day: #LBD11 #dlapiper