Course: VAT Essentials

VAT is a tax that demands respect! This course enables delegates to maximize input VAT claimed and avoid the pitfalls that cause so many HMRC assessments to be raised.

Course summary:

Introduction

Basic principles, definitions & terms

Invoices

Information required on invoices and receipts

Tax-point & time of supply

Pro-forma invoices

Special cases

Fuel & cars

Business entertaining

Employees’ expenses

Business gifts

Settlement & contingent discounts

Claiming input tax relief

Prompt recovery of input VAT

Introduction to the VAT return

Course suitability:

All staff involved in processing expenses and invoices and their supervisors & managers. This course requires no knowledge of the subject


The course lasts for 1 day - Cost of this course is £295+VAT