course-premium

VAT Part 1 – An Introduction to UK VAT

4.5
3 reviews
  • All in all, a good course and definitely will come back later.
    |
  • Really like the examples given and freedom to ask questions
    |
  • I totally enjoyed this course. The trainer was very knowledgable.
    |

Course

In City of London

£ 545 + VAT

It has never been more important to understand the UK VAT system. Gain now an in-depth knowledge of it!

  • Type

    Workshop

  • Location

    City of london

  • Class hours

    6h

  • Duration

    1 Day

  • Start date

    Different dates available

Ideal introduction course to VAT in UK

It has never been more important to understand the UK VAT system. The UK tax system comprises a large number of different taxes, some of which play a very important role and are paid by a large number of taxpayers. Gain now an in-depth knowledge of the VAT system works!

This course will explore the basics to undestand the UK VAT system, key rules applicable to all businesses, how VAT works, whether or not to charge VAT on a supply, what VAT can be reclaimed, and how/when to complete VAT returns. It forms a good foundation for VAT Part 2 – An Introduction to Complex Aspects and New Developments.

Facilities

Location

Start date

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

Start date

Different dates availableEnrolment now open
Different dates availableEnrolment now open
Different dates availableEnrolment now open
Different dates availableEnrolment now open

About this course

Anyone completely new to VAT or needs a refresher on the basics of VAT.


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Reviews

4.5
excellent
  • All in all, a good course and definitely will come back later.
    |
  • Really like the examples given and freedom to ask questions
    |
  • I totally enjoyed this course. The trainer was very knowledgable.
    |
100%
4.8
excellent

Course rating

Recommended

Centre rating

Eriap Mobhodo

4.5
14/07/2017
What I would highlight: All in all, a good course and definitely will come back later.
What could be improved: .
Would you recommend this course?: Yes

Natasha Macdonald

4.5
03/02/2017
What I would highlight: Really like the examples given and freedom to ask questions
What could be improved: Nothing.
Would you recommend this course?: Yes

Yvonne Souter

4.5
19/07/2016
What I would highlight: I totally enjoyed this course. The trainer was very knowledgable.
What could be improved: Nothing
Would you recommend this course?: Yes
*All reviews collected by Emagister & iAgora have been verified

Subjects

  • Supply
  • Returns
  • Works
  • Taxation
  • Business Income
  • VAT
  • Taxation Law
  • Accounting
  • Accountancy
  • Credit Control
  • Taxable
  • Input Tax
  • Zero Rates
  • VAT Registration
  • VAT Invoice
  • Currency Invoice
  • Retailers Invoice

Teachers and trainers (1)

Gwen  Ryder

Gwen Ryder

Teacher

Gwen has been a VAT and customs duty specialist and lecturer for her entire career. She worked in H M Customs (now HM Revenue and Customs) for 9 years before joining the “Big 5”. She subsequently became the VAT and Customs Partner in a top 20 firm, and then formed her own consultancy practice in 2003. Gwen is an Associate of, and former examiner for, the Institute of Indirect Tax, and a member of the Customs Practitioners Group and The VAT Practitioners Group.

Course programme

How VAT works – the theory of VAT

  • Inputs and outputs
  • Taxable supplies
  • Zero rates, exemptions and outside the scope transactions
  • Business and non-business income

VAT registration

  • How and when to register
  • Penalties for late registration
  • Group and divisional registration

Supply

  • An introduction to “deemed” supplies
  • Hire purchase/conditional sale agreements
  • Second hand goods
  • The VAT fuel scale charge

Time of supply

Input tax

  • When VAT can be recovered
  • Evidence required
  • Exempt or non-business supplies
  • Non-recoverable input tax
  • Recovering VAT on staff expenses

Records and accounts

  • Requirements of a VAT invoice
  • Currency invoices
  • Retailers’ invoices and pro formas
  • Self billing
  • Credit and debit notes

VAT returns

  • How to complete them and avoid penalties
  • Annual, cash, flat rate accounting schemes
  • How to disclose errors to HMRC
  • Penalties and interest charges for errors

VAT Part 1 – An Introduction to UK VAT

£ 545 + VAT