VAT: Refresher

Speaker:  Tim Buss  |  CPD Hours: 6

Price £575 plus VAT

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OBJECTIVES

VAT law and practice is constantly changing. There are numerous updates to VAT Notices. HMRC also issue many business briefs and information sheets to reflect changes in policy and interpretation.

Anyone who has been away from the VAT world for a while will find on return that the landscape is different. Others may have maintained a good basic VAT knowledge but sometimes reminders and confirmations can be invaluable.  A phrase often heard on course is   “it was always done that way”. However, that does not always make it right. This VAT Refresher course caters for people re-entering the VAT world as well as those who want to build on or refresh their basic knowledge. There will be opportunities to ask questions relating to delegates’ own circumstances.

CONTENT

  • The basic principles of VAT
  • VAT liability – standard, zero, reduced rates
  • What are taxable supplies
  • VAT invoices
  • When should VAT be charged
  • Maximising input tax recovery
  • Understanding blocked input tax
  • The effect of exemption and partial exemption
  • Intercompany issues – management charges
  • International VAT issues – imports, exports, intra EU
  • Reverse charge accounting
  • Making Tax Digital – VAT requirements
  • VAT issues specific to your business

WHO SHOULD ATTEND

Accountants, bookkeepers and anyone working in finance or tax departments who need an up to date knowledge of the main principles and rules of Value Added Tax. The course will be useful for people who have not dealt with VAT for a while but are moving back into the VAT world. Also for people who have changed firms are now dealing with a completely different area of VAT.

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