VAT training course

is for accounts payable and purchase ledger staff who need in-depth, detailed and practical training on VAT. Accounts payable and purchase ledger staff are key to claiming the right amount of VAT in any business. A sound and practical understanding of the VAT rules reduces the risk of what are now swingeing penalties for errors, and ensures optimum VAT recovery, especially in partially exempt businesses. The coursewill cater for those new to VAT, and to more experienced supervisory staff who need a refresher and update on the latest rules. The course includes practical 'in tray' exercises and case studies during which delegates will analyse invoices dealing with all the points covered on the course. From only 380 -Upcoming dates in London include:
  • 23rd July 2012
  • 7th September 2012
  • 3rd October 2012
  • 8th October 2012
Course Outline Basic Principles
  • How VAT works
  • What is standard rated, zero rated and exempt- and why it matters
Evidence Needed to Reclaim VAT
  • Full VAT invoices - all the requirements
  • VAT numbers and how to check them
  • Retailer's receipts and till rolls
  • How to process invoices for goods form inside and outside the EU
  • Circumstances in which no invoice is needed
  • Pro forma invoices and requests for payment Invoices addressed to employees
  • What to do about copy and emailed invoices
  • Credit card and procurement card statements
When VAT Can be Claimed
  • Tax points
  • The effect of deposits
  • Payment with no invoice
  • What to do about mistakes-the new error disclosure rules
How Much VAT to Reclaim
  • Purchase VAT which is never reclaimable
  • The effect of partial exemption and 'non business' activities
  • Discounts - cash, quantity and contingent
Specific Expenses
  • Claiming back foreign VAT
  • Directors' expenses
  • Employee's expenses and subsistence
  • Employees resident abroad
  • Motor cars, motor car accessories and fuel
  • Business entertainment and business promotions
  • Staff catering and staff parties
  • The 'reverse charge' on services from abroad Land and buildings
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