VAT Partial Exemption

Speaker:  Robert Facer  |  CPD Hours: 6

Price £395 plus VAT

Select a date

 

OBJECTIVES

Businesses making taxable and exempt supplies must apply the partial exemption rules to determine how much VAT can be claimed on business expenditure.  The rules have become increasingly complex, as a result of case law and HMRC policy changes. 

This course provides a practical guide to applying the partial exemption and capital goods scheme rules, which will enable delegates to minimise the risk of VAT errors and maximise VAT reclaimed on costs.

CONTENT

  • Basic principles
  • Taxable and exempt supplies
  • Attribution of input tax
  • Methods
  • De minimis test
  • Annual adjustment
  • Overrides
  • Clawback/payback
  • Capital goods scheme
  • Common issues

WHO SHOULD ATTEND

In-house finance staff and accounting professionals involved in VAT return preparation for partially exempt businesses (e.g. financial services, insurance, real estate, education, healthcare, charities and not for profit)

Looking to train your team or a group?

We can deliver any of our courses tailored to your needs at your offices or at a location of your choice.

CONTACT US

Find an alternative course

Advanced search

  • Sign up to our course reminder email here