VAT Essentials
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This intensive and wide-ranging course is aimed at those who are responsible for VAT in their business and/or those who need to get up to speed on the fundamentals of VAT very quickly. It covers all the important areas of VAT necessary to have a practical understanding of the tax for correct management and compliance purposes
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Further Details
SUPPLIES, GOODS AND SERVICES
· The scope of VAT - what VAT is charged on, and what is zero rated, exempt or outside the scope
· Valuation and consideration
· VAT registration and de-registration
· Where supplies take place
· Imports and exports
· Acquisitions and dispatches
· Business and private use of goods, motoring. the ‘scale charge’
INPUT TAX RECOVERY
· Exempt supplies and partial exemption
· Evidence needed in order to claim input tax
· Blocked input tax
TAX POINTS
· Basic and actual tax points
· Deposits and continuous supplies
· Special cases and change of tax rate
INVOICES, RECORDS AND ACCOUNTS
· Full VAT invoice requirements
· Less detailed, pro-forma, self-billed invoices and authenticated receipts
· Credit notes
· Bad debt relief
SPECIAL SCHEMES
· Cash accounting and flat rate
· Margin scheme supplies
· Retail schemes
RECORDS AND ADMINISTRATION
· Completing the VAT return
· How to deal with VAT assessments and VAT visits
· Penalties and interest charges, voluntary disclosures
· Disputes and the VAT and Duties Tribunal
One day course 09.30 - 17.00
This Training Course is taught in classrooms in the following locations:
London WC
Information provided is for information purposes only and no guarantees are made with regards to accuracy. It is advised that all details are checked prior to making a booking. Contents © 1999 - 2012. All rights reserved.
