Course description
Overview
This one-day course provides a reminder of the fundamentals of UK value added tax, an update on recent developments and examples of typical problem areas and planning opportunities.
Many examples are used to show how the tax works and planning points are highlighted.
Who is this for?
This course will be of benefit to accountants and others who need an up-to-date knowledge of the main principles and rules of value added tax, but who do not require specialist knowledge. It will be particularly useful for those who have not dealt with value added tax for a few years but are moving back into the area and need a refresher.
What will you learn?
- The concept of Value Added Tax
- How and when a business needs to register for VAT
- What is meant by input tax, output tax, taxable supplies, tax invoices and other VAT terms
- VAT Return periods and when and how VAT is payable
- Input tax – areas of contention, including partial exemption
- Construction and property matters
- Moving goods and services a cross international boundaries after Brexit
- Special VAT schemes
- VAT Groups
- Administration and enforcement
Other related courses
International VAT & Customs Duties after Brexit - an update
Corporation Tax Refresher & Update
Essential Tax Update for the Accountant in Practice or Employment
Tax Errors - the Accountants' Top Forty
Taxation of Doctors & Dentists
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Upcoming start dates
Suitability - Who should attend?
This course will be of benefit to accountants and others who need an up-to-date knowledge of the main principles and rules of value added tax, but who do not require specialist knowledge. It will be particularly useful for those who have not dealt with value added tax for a few years but are moving back into the area and need a refresher.
Outcome / Qualification etc.
- The concept of Value Added Tax
- How and when a business needs to register for VAT
- What is meant by input tax, output tax, taxable supplies, tax invoices and other VAT terms
- VAT Return periods and when and how VAT is payable
- Input tax – areas of contention, including partial exemption
- Construction and property matters
- Moving goods and services a cross international boundaries after Brexit
- Special VAT schemes
- VAT Groups
- Administration and enforcement