Meeting buyers could benefit from a change to European Union rules on value-added tax treatment of overseas meetings that takes effect Jan. 1, 2011, the VAT specialist Meridian Global Services told EuroBTN on Tuesday. This will be particularly beneficial for corporate customers based outside the EU, such as in the United States, who no longer will be charged, and subsequently have to recover, VAT for meetings inside the EU. However, Meridian also warned that many third-party event organizers have failed to understand the imminent changes, which could lead them to charge corporate clients mistakenly for VAT when they are not supposed to, and to cause errors in clients' accounting.

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