Course description
Buying or selling a business can involve significant sums of money and, with the current rate of VAT at 20%, ensuring that suppliers apply the correct VAT liability and that the business recovers the correct amount of VAT is vitally important.
This introductory webinar will explore why VAT matters (for vendors, purchasers, intermediaries and advisers), the issues which arise in business sales (asset or share sales, financial services, liability of Intermediation services, transfer of going concern issues), difficult areas such as raising capital, share issues, mergers, defence costs, inducements, recovering input VAT on third party costs (like reports for banks), and much more.
The webinar is presented by Peter Mason, a barrister, accountant CTA and former Head of VAT at Abbey National and CMS Cameron McKenna.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Buying or selling a business often represents important milestones in business lifecycles and can involve significant sums of money. With the current rate of VAT at 20%, ensuring that suppliers apply the correct VAT liability and that the business recovers or incurs the correct amount of VAT is vitally important.
What You Will Learn
This introductory short webinar will cover the following:
Why does VAT matter?
- For vendors: is output tax due? How do other taxes interact with the transaction?
- For purchasers: Is VAT chargeable? If charged, is it deductible?
- For intermediaries: What is the correct VAT liability of intermediation for financial services?
- For advisers: Getting the VAT right on your client's big ticket deal is crucial, whether regarding the deal itself or services supplied in relation to it
VAT Issues & Business Sales
- Buying and selling a business: asset or share sale?
- What are financial services?
- Liability of Intermediation services
- Transfer of going concern issues
- Difficult areas: economic activity including holding companies, raising capital, share issues, mergers, defence costs, inducements, who supplies whom, recovering input VAT on third party costs (like reports for banks), who supplies whom, VAT group effects?
Expenses
MBL Seminars Limited
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