Course description
VAT Accounting, Preparation and Submission Training Course Overview:
Knowledge of how to prepare and submit VAT Return can help you to stand out from the crowd of job seekers. Moreover, if you are running a business or thinking of running a business, the vat training course will help you to understand the issues relating to vat more clearly and help process VAT Return more accurately and efficiently.
Our VAT Training courses are eligible CPD Training for accountants and attending this course can give you a more detailed understanding of how to do a VAT return correctly.
What is VAT Return?
Almost every business has to submit a VAT Return. VAT Return contains Output VAT and Input VAT information to be submitted to Taxman (HMRC). Through the VAT return, HMRC knows exactly how much the business owes to HMRC.
Moreover, HMRC can pay back any VAT amount overpaid which only can be determined through an accurate VAT return.
How to do VAT Return
Firstly, businesses need to register with HMRC before they can process a VAT Return. Businesses must fulfil the criteria to become VAT registered and to get a VAT Registration no. Once the business is registered they can then regularly submit the VAT return using specified VAT forms. There are many VAT Schemes available in general. There are some specialised VAT schemes available only for specific industries.
Upcoming start dates
Outcome / Qualification etc.
Certificate of Attendance
Training Course Content
- Understanding VAT Principles
- Analysis of different VAT Scheme
- Preparing VAT in Spreadsheet
- Reconciliation of VAT
- Completing a VAT return
- Import and Export VAT analysis
- Calculating VAT for a business with mixed zero-rated and standard-rated sales, using Spreadsheet
- Introduction of TOMS (Tour Operator Margin Scheme)
- Submission Steps of VAT Return to HMRC
- Introduction to Making Tax Digital(VAT) scheme
Why choose Osborne Training
30,000+ Student Community
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96% Happy Students
Expenses
Please get in touch to find out the course fees and whether you qualify for the course by calling on 0203 608 7179.
Continuing Studies
CPD Training for Accountants
This course is an eligible CPD training for accountants or other finance professional. Completion of this course will allow you to claim 6 hours for CPD purpose.
Many accountants, finance professionals, and other professionals are required to maintain CPD throughout their career.
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