Course description
Is the CGS a complicated subject? Well yes, it certainly can be. It clearly affects partly exempt businesses, and not for profit bodies, but there are also VAT traps for fully taxable businesses, and assets transferred as part of a Transfer of a Going Concern (‘TOGC’).
Presented by VAT specialist and renowned speaker Gwen Ryder, this virtual classroom session will provide delegates with a firm foundation for all the elements of the subject and help them to deal confidently with the CGS going forward.
This is a highly interactive session with lots of case studies and exercises.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Is the CGS a complicated subject? Well yes, it certainly can be. It clearly affects partly exempt businesses, and not for profit bodies, but there are also VAT traps for fully taxable businesses, and assets transferred as part of a Transfer of a Going Concern (‘TOGC’).
This virtual classroom session will provide delegates with a firm foundation for all the elements of the subject and help them to deal confidently with the CGS going forward.
This is a highly interactive session with lots of case studies and exercises.
What You Will Learn
This live and interactive course will cover the following:
- The scope of the CGS
- Land and property and other assets
- Valuation and definitions
- Scope to hold assets outside of the CGS
- How to work out adjustments
- Interaction with partial exemption and non- business activities
- Accounting for adjustments
- When and how
- Disposing of capital items during the adjustment period
- What to do with ‘short leases’ of less than 10 years
- Extras steps for CGS assets transferred as part of a TOGC
- Considerations for ‘cross border’ transfers
- The VAT anti avoidance rules and ‘innocent’ transactions that trigger CGS adjustments e.g. ‘connected persons’.
- Movements in, and out of, VAT groups
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...