VAT for Accounts Payable and Purchase Ledger Staff
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This course is for accounts payable and purchase ledger staff who need in-depth, detailed and practical training on this subject. It will cater for those new to VAT, and to more experienced supervisory staff who need a refresher and update on the latest rules. The course includes practical 'in tray' exercises and case studies during which delegates will analyse invoices dealing with all the points covered on the course.
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Further Details
Programme
Basic Principles
How VAT works
What is standard rated, zero rated and exempt- and why it matters
Evidence Needed to Reclaim VAT
Full VAT invoices - all the requirements
VAT numbers and how to check them
Retailer’s receipts and till rolls
How to process invoices for goods form inside and outside the EU
Circumstances in which no invoice is needed
Pro forma invoices and requests for payment
Invoices addressed to employees
What to do about copy and emailed invoices
Credit card and procurement card statements
When VAT Can be Claimed
Tax points
The effect of deposits
Payment with no invoice
What to do about mistakes-the new error disclosure rules
How Much VAT to Reclaim
Purchase VAT which is never reclaimable
The effect of partial exemption and 'non business' activities
Discounts - cash, quantity and contingent
Specific Expenses
Claiming back foreign VAT
Directors' expenses
Employee's expenses and subsistence
Employees resident abroad
Motor cars, motor car accessories and fuel
Business entertainment and business promotions
Staff catering and staff parties
The 'reverse charge' on services from abroad
Land and buildings
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.
