Your event abroad is cancelled, postponed, or goes virtual?
What do you need to know?

It goes without saying that international associations are facing a jarring period as a result of the COVID-19 crisis.

Those who had planned an event (conference, general meeting, symposium etc.) somewhere in Europe are now dealing with postponements or cancellation or are working feverishly to convert to virtual format.

In addition to the organisational obstacles you may now be experiencing (pre-paid deposits to venues, caterers, etc.), refunds to participants, sponsors, and exhibitors may mean a significant loss of income. This may put a critical strain on your cash flow.

Some might have considered the possibility of issuing vouchers in order to mitigate the impact on cash flow. While vouchers may be a useful tool, implementation should be thoroughly prepared in advance. The same applies to real-life events adapted to a virtual format. You need answers to questions including but not limited to: Can I get a refund for VAT already paid? Should I pay VAT on a voucher/web event? Does my event's contractual policy allow me to issue vouchers?

Moreover, most European countries have implemented emergency VAT measures (deferred VAT payment) in order to ease cash flow issues. As usual, both the extent and the conditions of application of these emergency measures vary considerably from one country to another.

Given that your top priority is to support your events, staff, and members, we are eager to provide you with the most updated information on special measures adopted by tax authorities and to ensure no relief solution is missed. This will help your organization to mitigate negative impact on both its cash flow and its activities.

Our staff are entirely devoted to guiding you through the multi-faceted challenges you are facing during this period. We are eager and ready to schedule a video chat (or a phone call) with you for an open and candid talk with one of our VAT experts who will provide you with alternatives and measures that may be helpful to your organization.

Please contact Philippe or Bernard :
Philippe Noirhomme – Mobile: 0497 59 72 77 or skypeID: noirhomme1

EUROPEAN VAT DESK, Place Constantin Meunier, 20/6, 1190 Brussels, Belgium
Tel: + 32 2 351 26 00 www.vatdesk.eu