VAT for Accounts Receivable – Output Tax Issues
Course
In City of London
Understand the importance of the Value Added Tax system!
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Type
Workshop
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Location
City of london
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Class hours
6h
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Duration
1 Day
Understand the importance of the Value Added Tax system! Important changes to the VAT system are about to be announced. Are you ready to take in all the changes?
VAT was introduced when the UK joined the EU but will remain following the UK’s exit. There will have to be changes to the VAT system particularly relating to goods and services sold to customers in the EU. This course will consider the likely changes and how they will affect accounting systems.
In this course delegates will learn about general topics related to the VAT system and they will understand and/or improve their knowledge of how VAT works as regards sales issues and accounting procedures. Apart from analysing main issues in relation to the VAT system, there will be time during the course for delegates to raise issues specific to a delegate’s individual circumstances.
Facilities
Location
Start date
Start date
About this course
This course will fit delegates with no or limited prior knowledge but also for those who require a refresher. Anyone working in the sales accounting teams of large, medium or small enterprises who requires a basic knowledge, overview or refresher of VAT theory and procedures.
Reviews
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Excellent course, Impressive trainer , Great lunch
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Course rating
Recommended
Centre rating
Andy Brown
Subjects
- Property Law
- Accounts
- VAT
- Invoicing
- Sales
- Export
- Tax System
- Sales Training
- Tax
- Exportation procedures
- VAT management
Teachers and trainers (1)
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
- When VAT must be charged including VAT liability
- Circumstances when there is no VAT chargeable including non business
- When VAT must be accounted for
- Valuation rules
- Exports and EU sales
- EU sales post Brexit
- Invoicing procedures
- Coding issues and completion of VAT return
- Land and property issues
- Mixed and single supplies
- Issues for charities and not for profit organisations
- VAT accounting schemes
VAT for Accounts Receivable – Output Tax Issues