VAT GENERAL

Overview

This workshop, run over 2 half days, gives participants an introduction to all the technical aspects of the UK and Isle of Man Value Added Tax schemes (VAT).

 

It is excellent preparation for the Association of Accounting Technician VAT Diploma qualification, and closely follow that syllabus. Interested parties can follow on to that qualification with ease.

 

The workshop is very interactive with group sessions and questions. There are ongoing exercises and participation throughout the day.

 

Who should attend?

  • VAT administrators
  • Accountant

 

Learning objectives / What will I learn?

At the end of this course, delegates will:

 

  • Have a good working knowledge of all aspects of VAT
  • Be able to make all key calculations associated with VAT
  • Be ready to undertake the AAT VAT Diploma qualification

 

Content Overview

VAT Workshop (Part 1)

  • Overview & scope of VAT
  • The basics of VAT
  • Output and input tax
  • Registration
  • VAT groups
  • Returns and administration
  • Payments and refunds
  • Partial exemption and Capital Goods Scheme
  • Bad debts
  • Penalties and powers

 

VAT Workshop (Part 2)

  • Review Part 1
  • Retail schemes*
  • Second hand goods scheme*
  • The Flat Rate scheme*
  • International supplies of goods
  • International supplies of services
  • Residential property
  • Commercial land and buildings, including the option to tax

 

*It is likely that not many participants will have interaction daily with Retail Schemes, the Second-Hand Goods Scheme, and the Flat Rate Scheme, and that second session will be tailored accordingly.

 

Duration

2 x half days

 

Price

£420 + VAT

 

Contact: Gerry Ganly

 

Email: gerry.ganly@ganlytipper.com, call +44 (0)7624 490809

 

Gerry Ganly head shot

Gerry Ganly

Gerry Ganly is an experienced industry practitioner, with skills and knowledge across the financial sectors. He has held senior roles in compliance, cash management and treasury, and relationship management. He has worked in, and consulted with, banks, compliance, CSP and investment environments