Introduction to VAT

Course Content

This one day course provides an introduction to the main principles of VAT and how it applies to UK businesses. The course would suit someone working for a small to medium sized business whose work role requires a basic understanding of how VAT is calculated and accounted for, as well as someone with no previous experience of VAT.

The course includes the following key aspects of VAT

• Administration of VAT and the UK VAT system.
• Identifying VAT inputs and outputs on sales, purchases and other expenses
• VAT on EU trade
• Calculating VAT due
• VAT records and the preparation of the VAT return