Basic VAT for Financial Services


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.

-Group Registration.

-Output Tax.

-Value and Time of Supply.

-Input Tax.

-Exemption and Partial Exemption.

-Capital Goods Scheme.

-Property and Construction re VAT.

-VAT Tax Returns.

-Tax Invoices.

-VAT Records.

-Miscellaneous items: Bad Debts, Cars, Fuel.

-Penalty Provisions.

-VAT Repayments.







Todays Date:

Duration 1 day
Available as an in-house course

Investment Education PLC
45 Old Hall Road, Manchester M7 4JF, United Kingdom
Tel:+44 (0)161 832 3800
Registered in England Number 2129160
VAT Registered Number GB 480 2112 85

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