Course description
Aimed at those new to legal finance and compliance, this webinar will provide you with an introduction to VAT and discuss how it works within legal practice.
Join legal finance and compliance specialist Darren Whelan as he explores the basics of VAT, purchases and inputs, sales and outputs, and disbursements and recharges.
Darren has a wealth of experience within the Legal, IT and Education sectors. He has gained key expertise across a diverse range of areas including technology, legal services, governing boards, and teaching and is a regular commentator and public speaker on legal finance, compliance, and change management topics. Be sure to tune in to benefit from his expertise on this subject!
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Aimed at those new to legal finance and compliance, this webinar will provide you with an introduction to VAT and discuss how it works within legal practice.
What You Will Learn
This webinar will cover the following:
- The basics
- What is VAT?
- Terminology
- VAT rates/types of supply
- Accounting systems
- Purchases and inputs
- Inputs and input VAT
- Recovery of input VAT
- Business and personal usage
- Sales/outputs
- Outputs and output VAT
- Valid VAT invoices and credit notes
- Accounting for output VAT
- Overseas clients
- Land relates services
- Disbursements and recharges
- What is a disbursement (HMRC’s definition)
- Disbursements - accounting options
- Recharges - accounting options
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...