VAT after Brexit

Quorum Training

Course

In City of London

£ 345 + VAT

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Description

  • Type

    Workshop

  • Location

    City of london

  • Class hours

    3h

  • Duration

    1 Day

  • Start date

    Different dates available

Half-day briefing on how VAT will change

VAT was only introduced into the UK because the UK joined the Common Market (now the EU) in 1973. VAT was the indirect tax system of choice in the original six member states. Although the UK has voted to leave the EU, VAT will remain in place. Since the UK imposed VAT in 1973, VAT has become the system of choice in most developed countries (sometimes referred to as GST). All systems are modelled on the EU principle.

Once the UK has left the EU, it will not have to be bound by EU law and regulation. This means there are likely to be changes to the VAT system. The UK will be free to set its own rates and will not be bound by EU law and practices.

What is certain is that there are bound to be changes for businesses which have transactions with EU countries and there will be a number of VAT implications as a result of Brexit.

Facilities

Location

Start date

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

Start date

Different dates availableEnrolment now open

About this course

Staff working in businesses which trade with other EU countries and who are responsible for accounts and/or systems. Anyone in practice responsible for advising such businesses. Prior knowledge of VAT is required.

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Reviews

Subjects

  • IT Law
  • EU Law
  • VAT
  • Purchasing
  • Sales Techniques
  • Law
  • Sales Manager
  • Sales Process
  • Purchase planning
  • VAT management

Teachers and trainers (1)

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

The aim of this half-day course is to explain the definite changes which will have to be made to the VAT system post Brexit and discuss likely changes. The presenter, Tim Buss has been involved with VAT since its introduction into the UK and witnessed first-hand the gradual harmonisation of VAT in the EU culminating in the 1992 directives so is well placed to consider the VAT world post Brexit.
  • Scope for changing VAT rates including zero rates and exemption
  • Purchasing goods from EU counties
  • Selling goods to businesses in EU countries
  • Selling goods to private persons
  • Selling services including digital services
  • Loss of EU simplifications
  • Recovery of VAT incurred in EU countries

See related categories

VAT after Brexit

£ 345 + VAT

The best Other Taxation courses

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