VAT for accounts payable and purchase ledger

Efficient VAT recovery is essential to all businesses, but getting it right involves walking a tightrope of complex rules and red tape. Claim back too little tax and your business is failing to fulfil its profit potential, reclaim too much and you risk assessments, penalties and the unwelcome attention of HM Revenue & Customs. Getting it wrong means more than the penalty of up to 30% of the unpaid tax and interest – it means losing the confidence of your local tax authorities. Mistakes mean more visits and inspections, tying up time and resources that can be better put to work making money for the business. This thoroughly practical one-day course makes extensive use of real cases to illustrate the various aspects of what might happen in your business related to VAT recovery.