VAT is a pervasive tax affecting all companies.
Financial Services companies face additional complexities in that not all their inputs can be reclaimed and claims have to be substantiated.
This one-day course provides a basic understanding of VAT for staff working in Financial Services companies, whether in Purchase Ledger, Accounting or Tax.
- Accounts Staff, both junior and intermediate
- Purchase or Sales Ledger Staff
- Tax Staff
- Internal and External Auditors
-Basic Concept of VAT. Example.
-Rates and Calculation.
-Scope of VAT. Taxable Supplies.
-Compulsory and Voluntary Registration.
-Value and Time of Supply.
-Exemption and Partial Exemption.
-Capital Goods Scheme.
-Property and Construction re VAT.
-VAT Tax Returns.
-Miscellaneous items: Bad Debts, Cars, Fuel.