VAT for Partially Exempt Businesses
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This course is for those who have a sound knowledge of general VAT, but who are new to the area of partial exemption. It gives participants a clear understanding of the subject, and the tools to maximise VAT recovery in their particular business sector and avoid risk of errors.
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Further Details
PROGRAMME
The detail of the exemptions within Schedule 9, VATA 1994 and the fine line between exemptions and taxable supplies
General provisions relating to allowable input tax
The standard method
Values and use based calculations
Use of previous year’s recovery percentage
Standard method override
Special Methods
Sectors, headcount, square footage etc
Fair and reasonable declarations and legal certainty
Special method override
De minimis limits
Attribution of input tax
Definition and case law
Change of intention and use requirements
Annual Adjustments
Out of country and distortive supplies
Records and accounts
The VAT Capital Goods Scheme
Imports of services and the reverse charge
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.
