Practical VAT for Non-VAT Specialists eLearning
VAT Training - Practical VAT for Non-VAT Specialists eLearning
 
Price £199.00 Exc VAT

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Designed by Deloitte's Indirect Tax team, this module has been developed to provide learners with a working knowledge of VAT.

The modules will enable you to comply with VAT legislation and, where possible, identify cash flow and absolute savings through the efficient management of VAT.

This course is aimed at finance staff including accounts payable and receivable teams and Tax Managers that are not VAT specialists. Deloitte VAT training is ideal for small businesses.

The course is divided into 7 modules and will take approximately 3 hours to complete:

    1. Introduction to VAT
    • Dispelling the myths and establishing the facts about working out VAT
    • Looking at the history of VAT
    • Who needs to register and VAT thresholds
    • Establishing when a transaction is within the scope of VAT
    • Completing a VAT return

    2. Output tax
    • Chargeable rates
    • Exceptions and reduced rate supplies
    • Determining the tax point and special situations
    • Understanding the difference between composite and mixed supplies

    3. Input tax
    • When and how to get a VAT refund on your company’s purchases
    • Car, fuel and mileage restrictions
    • The rules on entertainment and mobile phones
    • How to recover VAT

    4. Errors and penalties
    • Guide to the VAT Error Correction Procedure
    • The penalty regime and the discipline of reasonable care
    • Making unprompted disclosures to reduce VAT penalties

    5. Partial exemption
    • Basic principles - are you taxable or exempt?
    • The standard method
    • Special methods
    • Capital goods scheme

    6. International transactions
    • VAT help with buying or selling goods and understanding the ‘place of supply rules’
    • The differences between business to business and business to consumer supplies
    • Understanding the rules that apply to services
    • Capturing date correctly and/or an EU Sales List

    7. Land and property
    • Complex, costly and applicable to most businesses
    • Understanding exemptions and options to tax







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