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The Essential Guide to UK VAT and International Trade

Short course

In Leeds ()

£ 249 + VAT

Description

  • Type

    Short course

  • Level

    Advanced

  • Duration

    1 Day

The seminar will help people understand the major effects that the European Union and International Trade have upon the VAT administration of a UK organisation, and it clearly illustrates the procedures and controls to be implemented to comply with the requirements. Suitable for: Accountants, financial directors who deal with overseas companies and anyone who has to work within the area of VAT and International Trade.

About this course

A reasonable understanding of English is required. A basic understanding of the workings of VAT.

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Course programme

This popular course demonstrates how to account correctly for VAT on the acquisition and despatch of goods and related services between member states of the European Union, and on the import and export of goods from and to non-EU countries. The course also addresses the issues associated with international services, such as place of supply, VAT liability and the reverse charge. It illustrates the completion of the VAT return, EC Sales Lists and Intrastat, and includes an overview of the VAT rates, registration thresholds and rules for reclaiming input tax in the other 26 countries of the EU.

The course answers the following questions

  • What must you do to properly zero rate EC Sales?
  • What is a reverse charge? distance selling? triangulation?
  • How do you calculate the value of Acquisition VAT? How does the VAT Return cater for it?
  • What is Triangulation? How do you apply the Simplification Procedure?
  • Why is it important to get evidence of export?
  • What are the implications of Indirect Exports? Exports after Consolidation?
  • How should you handle a Retail Export to avoid erroneously suffering the cost of Output Tax?
  • How is Tax on Imports calculated? What must we have as evidence to reclaim it? What is the implication of a Postal Import?
  • Why is the place of supply so important when we are considering services?
  • What are the issues associated with Land and Property? Freight Transport? Performers? Schedule 5 Services? Intermediary Services?
  • How does the reverse charge procedure work?
  • Considering all aspects of International Trade how do you complete the VAT Return?
  • How do you reclaim VAT charged in another EU country?

Additional information

Payment options: Book now and receive free copy of 'The Authoritative and Complete Guide to VAT', a free CD which contains many valuable resources and a free one-year subscription to The VAT Resource Centre.
Students per class: 2747

The Essential Guide to UK VAT and International Trade

£ 249 + VAT