VAT Obligations and Penalties

This session will provide a practical overview of key VAT obligations. Participants will gain a clear understanding of when and how to register for VAT, including the One-Stop Shop registration, and how to correctly prepare and submit VAT returns. The webinar will also cover the legal obligation to issue invoices or receipts, the mandatory contents of a VAT-compliant invoice, and specific requirements such as EXO number applications and VAT permit numbers for events. The session concludes with an overview of VAT-related penalties and the consequences of non-compliance, helping attendees manage risk and maintain full VAT compliance.