Introduction to VAT
Course
In London
Description
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Type
Course
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Location
London
At the end of the course participants will be able to:< Understand the concept of VAT. Understand the different rates of VAT. Have an awareness of the differences between exempt and zero rated supplies. Understand when special schemes apply. Understand how to complete a VAT return. Suitable for: Any professional interested in an overview of the key principles and rules relating to VAT.
Facilities
Location
Start date
Start date
About this course
None - assumes no previous knowledge
Reviews
Course programme
Other Extras
- Worked example showing how to complete a VAT return.
- Certificate of attendance
Level: Introductory
Synopsis:
This half day course will take you through the VAT return, providing delegates with a comprehensive overview of how a VAT return is computed, the rules for registration and deregistration and relevant due dates.
At the end of the course participants will be able to: Understand the concept of VAT . Understand the different rates of VAT . Have an awareness of the differences between exempt and zero rated supplies . Understand when special schemes apply . Understand how to complete a VAT return .
Prerequisites:
None - assumes no previous knowledge
Suitable For:
Any professional interested in an overview of the key principles and rules relating to VAT.
Introduction
- The scope of VAT
- Explanation of terms (output VAT, input VAT, taxable supplies etc.)
- Registration and deregistration rules
VAT rates
- Zero rated and exempt supplies
- Standard rated and reduced rated supplies
Special schemes
- Cash accounting
- Annual accounting
- Flat rate scheme
VAT return
- How to complete a VAT return
Introduction to VAT