Deloitte VAT School 2018
VAT School 2018

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The Deloitte VAT School Schedule
Session London
1. VAT Fundamentals:
Mechanics of VAT
- What is a supply?; Consideration; Taxable/exempt supplies; Supply of goods/services
- What is business?; Taxable person
VAT Liability
- Mixed vs. Composite supplies
- Disbursements; Connected persons; Barter transactions; Contractual matters; Neither supplies of goods or services

2. Supply Issues:
Time of Supply
- VAT Invoicing; BDR
Place of Supply of Goods
- Dispatches; Acquisitions; Distance sales; Admin; Imports; Exports; Customs Duty
Place of Supply of Services
- Reverse Charge; Customer in business; Establishment

3. Input Tax Deduction and Recovery:
Deducting Input Tax
- What is input tax?; Who can claim it?; When can you claim it?; What evidence is needed?
Partial Exemption
- Attribution of input tax; Residual input tax; The Standard Method; Other aspects of Partial Exemption inc. special methods; Capital Goods Scheme
VAT Registration, VAT Returns & Admin

4. VAT Practicalities:
Dealing with HMRC
- Structure of VAT Law; The role of HMRC; Decisions; Appeals; Penalty regime; SAO/risk
Land and Property
- Freehold; Leasehold; Option to Tax; Disapplication; Inducements/incentives; Assignments; Dilapidations
- Anti-avoidance; Time of supply; TOGCs
Current opportunities, case law and developments etc.

5. *Industry specific workshop* (optional):
Select one of the following:
- Financial Services
- Real Estate

Course Details

We reserve the right to postpone or cancel any course subject to interest.