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.
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.
Price
£420 + VAT
VAT ADVANCED, LAND & PROPERTY 1 half day - Date to be confirmed
Overview
This half day workshop gives participants a thorough knowledge to all technical aspects of the Value Added Tax (VAT) relating to Land and Property.
The workshop is very interactive with group sessions and questions. There are ongoing exercises and participation throughout the day.
Learning objectives / What will I learn?
At the end of this course, delegates will:
Have a good working knowledge of all aspects of VAT relating to land and property
Be able to make key calculations
Appreciate the contractual aspects of construction, residential and commercial property transactions
Content Overview
Refresher of the basics and background details
Construction services
Residential property
Commercial property
Transfer of a Going Concern
Contractual considerations
International supplies of land related service
Price
£260 + VAT
Other Information
All of our Workshops are available Online.
Isle of Man based attendees also have the option of Face to Face delivery, here, at Ganly Tipper Learning.