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Home Specialist skills Finance VAT Fundamentals
VAT Fundamentals
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Overview of VAT
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Payment and returns – including overview of MTD
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Time of supply
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Registration
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Recovering VAT on costs
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Travel expenses
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Entertaining
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Blocked input tax
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Evidence required for recovery – including less detailed tax invoices
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VAT on sales – including deposits and instalment payments
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Discounts
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Bad debts
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Partial exemption
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Special schemes – cash accounting, annual accounting, Flat Rate Scheme (including low cost traders)
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Correction of errors
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Use of estimates
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VAT groups
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Basics of the reverse charge
Overview
Off the shelf (OTS)
This course will provide an overview of VAT and cover areas such as payment and returns, different VAT rates and impact of zero-rated v exempt, outside the scope supplies, time of supply, registration and recovering VAT on costs to name but a few.
Please note – data may be processed in countries with adequacy agreements in place.
Delivery method
Face to face
Virtual
Course duration
1.5 / 7 hours
Competency level
Foundation
Delivery method
-
Face to face
-
Virtual
Course duration
1.5 / 7 hours
Competency level
-
Foundation
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