VAT-The Essentials

This course will explain the legal requirements of VAT and give an insight into how to avoid the pitfalls. It will cover the recent changes in legislation and policy on VAT.

WHAT WILL I GET OUT OF IT?
• comprehension of basic VAT legislation and requirements
• awareness of issues and errors HMRC look for on compliance visits
• fuller understanding of rules to enable compliance.

KEY FEATURES
• the scope of VAT, when and at what rate?
• types of supply: is it goods or services?
• VAT registration and deregistration issues
• common mistakes in accounting for VAT
• record-keeping requirements and HMRC policy
• VAT penalties
• trading in Europe and beyond: the VAT consequences.

WHO SHOULD ATTEND?
All staff dealing with VAT issues.

LECTURER
Simone Hurst, Principal, VATease