VAT for Law Firms Webinars

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 for the legal sector.  Getting the detail right is, of course, vital for minimising VAT risks. Quorum Training have designed a suite of six bite-size webinars that will give you and your team a sound understanding of the VAT rules and practical issues for law firms covering the following areas.

Each module is delivered via our LMS system and includes:

  • A clear interactive format
  • Evidence of completion with end of module quiz
  • Completion reports
  • Cost effective multi-user license available on request

6 x module box-set – VAT for Law Firms

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 the detail right is, of course, vital for minimising VAT risks in the legal sector. Quorum Training have designed a suite of six bite-size webinars that will give you a sound understanding of the VAT rules and practical issues for law firms covering the following areas. Each module is delivered via our LMS system and includes: A clear interactive format Evidence of completion with end of module quiz Completion reports Cost effective multi-user license available on request Module One – VAT Basics In order to correctly account for VAT, it is important to have a good understanding of basic principles. This module forms the foundation for this webinar. 1. Scope 2. Registration and returns 3. Making Tax Digital 4. VAT invoices 5. Time of supply 6. Special schemes Module Two – VAT Treatment of Services Legal services are generally subject to standard rate VAT when supplied in the UK. This module looks at important exceptions and exemptions that may affect law firms. 1. Basic position 2. Office holders 3. Financial services and insurance 4. Land and buildings Module Three – Place of Supply of Services Knowing where a service is deemed to take place is essential in correctly accounting for VAT. This module looks at the rules used to determine the ‘place of supply’ and related issues. 1. Why is the place of supply important? 2. General rule 3. Reverse charge 4. EC Sales Lists 5. Land related services 6. Conferences and events 7. E-services Module Four – Disbursements The VAT treatment of disbursements is a contentious issue and is a hot topic following recent case law. This module takes a practical look at the VAT disbursement rules, as they currently stand. 1. What’s the issue? 2. Disbursement conditions 3. Is it beneficial? 4. Recent developments 5. Search fees 6. Reports 7. Counsel’s fees 8. Examples Module Five – Reclaiming Input VAT Input VAT reclaims are a common source of errors. This module looks at a wide range of input VAT recovery rules which affect law firms. 1. Basic rules 2. Specific cases 3. Six month rule 4. Partial exemption Module Six – Risk Management The VAT rules are strictly enforced by HM Revenue and Customs and getting it wrong can result in penalties and interest. Module six looks at how to manage the risk of VAT errors and disputes with HM Revenue and Customs. 1. Error correction rules 2. VAT inspections 3. Penalties 4. Appeals and disputes

Module 1 – VAT for law firms (VAT Basics)

In order to correctly account for VAT, it is important to have a good understanding of basic principles. This module forms the foundation for this webinar. 1. Scope 2. Registration and returns 3. Making Tax Digital 4. VAT invoices 5. Time of supply 6. Special schemes

Module 2 – VAT for law firms (VAT Treatment of Services)

Legal services are generally subject to standard rate VAT when supplied in the UK. This module looks at important exceptions and exemptions that may affect law firms. 1. Basic position 2. Office holders 3. Financial services and insurance 4. Land and buildings

Module 3 – Vat for law firms (Place of Supply)

Knowing where a service is deemed to take place is essential in correctly accounting for VAT. This module looks at the rules used to determine the ‘place of supply’ and related issues. 1. Why is the place of supply important? 2. General rule 3. Reverse charge 4. EC Sales Lists 5. Land related services 6. Conferences and events 7. E-services

Module 4 – Vat for law firms (Disbursements)

The VAT treatment of disbursements is a contentious issue and is a hot topic following recent case law. This module takes a practical look at the VAT disbursement rules, as they currently stand. 1. What’s the issue? 2. Disbursement conditions 3. Is it beneficial? 4. Recent developments 5. Search fees 6. Reports 7. Counsel’s fees 8. Examples

Module 5 – VAT for law firms (Reclaiming Input Tax)

Input VAT reclaims are a common source of errors. This module looks at a wide range of input VAT recovery rules which affect law firms. 1. Basic rules 2. Specific cases 3. Six month rule 4. Partial exemption

Module 6 – VAT for law firms (Risk Management)

The VAT rules are strictly enforced by HM Revenue and Customs and getting it wrong can result in penalties and interest. Module six looks at how to manage the risk of VAT errors and disputes with HM Revenue and Customs. 1. Error correction rules 2. VAT inspections 3. Penalties 4. Appeals and disputes
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