Tax and VAT Treatment of Travel, Entertainment and Staff Expenses

Quorum Training

Course

In City of London

£ 575 + VAT

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Description

  • Type

    Workshop

  • Location

    City of london

  • Class hours

    6h

  • Duration

    1 Day

Two trainers on the varying treatment of Tax & VAT

Recovering VAT incorrectly can be costly. Over recovery is penalised by HMRC and under recovery can impact on profit margins. There are a number of issues regarding the recovery of VAT on staff expenses but one of the most common is the differing treatment of some expenses for income tax.

The unique benefit of this course is that delegates will not only be guided through the complex VAT rules but in addition guidance will be given on the direct tax issues. The two presenters will highlight where the rules differ and offer practical guidance

Facilities

Location

Start date

City of London (London)
See map
138-142 Holborn, EC1N 2NQ

Start date

On request

About this course

Finance team members who need to have a working understanding of both the VAT and Tax treatment of staff expenses. Anyone working in practice with a responsibility for advising on or auditing staff expenses. Delegates who are new to VAT may like to attend VAT Part 1 or VAT for Accounts Payable as an introduction to VAT before attending this course.

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Reviews

Subjects

  • Staff
  • Income Tax
  • VAT
  • Tax Law
  • Tax System
  • Tax return
  • Tax
  • Business Finance
  • Business
  • VAT management

Teachers and trainers (2)

Michael Evans

Michael Evans

Teacher

Mike is an employment taxes and CIS consultant who specialises in Employment related issues and has been presenting training courses on P11D Expenses and Benefits issues for more than 20 years. Mike started his career in the Inland Revenue and was a Senior Corporate Inspector when he left in 1988 to work for three ’top ten’ Accountancy firms until becoming an independent Consultant in May 2006.

Tim Buss

Tim Buss

Teacher

Tim has been involved with VAT since 1973. He joined HM Customs & Excise (“Customs”) in May 1973, shortly after the introduction of VAT in the UK. He worked as a visiting VAT inspector and as a classroom trainer. He was appointed director of VAT in 1998. In addition to presenting various training courses Tim is a consultant to a number of accountancy firms and other businesses. He has represented clients in a number of VAT Tribunal cases. Tim is currently an associate member of the Chartered Institute of Taxation following a merger of the two institutes.

Course programme

CONTENT
  • An overview of VAT as it applies to staff expenses
  • An overview of the rules for income tax and National Insurance
  • VAT and income tax rules on travel and subsistence
  • VAT and income tax rules on business and staff entertaining
  • VAT treatment of various staff costs
  • Income tax treatment of common expenses
  • Tax relief by deduction or exemption
  • Evidence required for VAT and income tax deduction
  • Changes to the reporting of expenses and benefits in kind and the new general exemption replacing P11D dispensations from April 2016
  • Using PSAs to deal with taxable expenses and benefits where the Employer wants to pay the tax liability

See related categories

Tax and VAT Treatment of Travel, Entertainment and Staff Expenses

£ 575 + VAT

The best Other Taxation courses

See all

See all