UK VAT - The Essentials
This course is designed for non-VAT professionals who require a beginner’s guide to VAT and need to know the essential VAT information to make more informed and confident VAT related decisions. This course will help guide learners through key considerations such as how to calculate VAT on supplies, how to avoid irrecoverable VAT and ways to minimise VAT costs.
VAT is the very essence of a business tax - it applies to all purchases and sales transactions. The important decisions on whether to charge VAT, reclaim it or decide whether VAT has been properly charged by suppliers are taken by the people who are embedded into core business activities and those people are often unaware of the impact their decisions have on the business.
This course is suitable for business professionals, ranging from accounting and finance to logistics and supply chain professionals.
CPD Certified: Yes
CPD Hours: 4 Hours
|History & Background of EU VAT||Bad Debt Relief|
|How VAT Works||EU Tax Authorities|
|VAT Compliance||EU VAT Number Formats|
|Supplies of Goods||Incoterms 2010 Cost Allocation|
|Supplies of Services||Minimum VAT Invoice Information by Country|
|Invoicing Rules||Non-deductible Input Tax|
|Deducting VAT - Input Tax||Record Keeping Requirements|
|Cash Flow & Accounting for VAT||VAT Grouping Index|
|VAT Hints & Tips|
|VAT Resource Pack|
|VAT & the Economic Landscape (infographic)|