VAT for Law Firms

Speaker:   |  CPD Hours: 3

Price £195 plus VAT

New dates coming soon.

OBJECTIVES

VAT for law firms is not as straightforward as it may appear at first glance. Scratch beneath the surface and there are, in fact, many risk areas, special rules and opportunities to improve VAT efficiency.  Getting it right is, of course, vital for minimising VAT risks.

This course will provide delegates with a sound understanding of the VAT rules and practical VAT issues for law firms and uses examples and case studies to demonstrate how best to tackle them.

CONTENT

  • Basic rules
  • Time of supply (tax point) rules
    • Special rules for law firms
  • VAT treatment of services, including:
    • Office holders;
    • Oath fees;
    • Financial services and insurance fees and commissions
    • Rent and other property income
  • International services
    • B2B or B2C?
    • Where does the client belong?
    • Immigration work
    • Land related services
    • Conferences, seminars and events
  • Disbursements, including:
    • Recent developments
    • Common issues
  • Reclaiming VAT, including:
    • Basic rules
    • Common issues
    • Partial exemption
  • Managing VAT risks

WHO SHOULD ATTEND

In-house finance staff and accounting professionals involved in VAT accounting for law firms

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